PARIS — French lawmakers have voted in favor of a fivefold increase on the taxation of tech giants in France amid ongoing negotiations on the country’s 2026 budget.

The amendment that passed the National Assembly’s finance committee would raise the digital services tax on tech giants from 3 percent to 15 percent.

It would also lift the global revenue threshold from €750 million to €2 billion — shielding smaller national players from the scope of the tax, according to the proposal put forward by Jean-René Cazeneuve, a member of President Emmanuel Macron’s party.

The 2026 budget will go to a plenary vote in the National Assembly on Nov. 4, after which it must pass the French Senate. Most political groups are backing an increased digital tax — albeit with differing proposals on how big the increase should be.

“This measure clearly shows that we don’t have to wait for Europe,” said Éric Coquerel, a left-wing MP who heads up the finance committee. Fellow lawmaker from the right-wing Republicans, Corentin Le Fur, echoed: “We need to act decisively.”

U.S. President Donald Trump has repeatedly warned against digital services taxes, alongside any measures that he says discriminate against American companies. In August he vowed to “impose substantial additional tariffs” on countries with such rules.

If the move survives highly volatile budget talks, companies say they will sound the alarm to the economy minister — warning of potential sharp retaliation from Washington.

“It’s a direct attack on American companies, so it’s certain that on the other side of the Atlantic there will be retaliatory measures on other French sectors,” said a representative of a U.S. platform who was granted anonymity to speak on the issue.