An agreement between the United States and France will take some of the sting out of a French digital tax on wealthy tech companies like Apple, according to an announcement today that closed the G7 Summit.
In July, France enacted a 3% tax on revenues earned on digital services in the country. The tax hits any foreign company making more than $25 million in digital revenue in France. This prompted President Donald Trump to threaten the U.S. ally with tariffs on French wine.
August 25, 2016: An ultra-rare Apple-1 computer raises $815,000 in a charity auction, one of the highest prices ever paid for one of the machines. Bidding actually reaches $1.2 million in the auction’s final minutes. However, that bid gets pulled seconds before a winner is announced.