Home lifeDomestic services apparel Entertainment News Player community More

U.S. sanction threat for France's digital tax "unacceptable": minister

2019-12-28 Xinhua

PARIS, Dec. 3 (Xinhua) -- Washington's threat to impose additional tariffs on French goods in retaliation for Paris' digital tax is "simply unacceptable", said French Minister of Economy Bruno Le Maire on Tuesday.

"The proposed U.S. sanctions are simply unacceptable. French taxation on the digital giants aims to restore fiscal justice. It does not only target U.S. companies but also Chinese or European companies," said the French minister in a tweet.

"A digital taxation project at the international level is on the table of the OECD (Organization for Economic Co-operation and Development). France said yes to this project. We are waiting for the American response. If the United States says no, it means that they do not respect the commitment made at the end of August to the G7," he added.

The United States on Monday threatened to impose tariffs of up to 100 percent on 2.4 billion U.S. dollars of French goods in retaliation for a digital services tax it says is discriminatory. French wine and cheese are on the list of goods that could be targeted.

France insists that its 3-percent digital tax is necessary to make internet giants pay their fair share of taxes. It targets companies with total annual revenues of at least 750 million euros (834 million U.S. dollars) globally and 25 million euros in France.

The United States initiated its Section 301 investigation into France's planned tax on digital services on July 10, accusing the French government of "unfairly targeting the tax at certain U.S.-based technology companies."

Disclaimer: This article is reproduced from other media. The purpose of reprinting is to convey more information. It does not mean that this website agrees with its views and is responsible for its authenticity, and does not bear any legal responsibility. All resources on this site are collected on the Internet. The purpose of sharing is for everyone's learning and reference only. If there is copyright or intellectual property infringement, please leave us a message.

Newest

british council building damaged in putin's deadly missile onslaught on kyiv

tourist goes for a dip in rome's trevi fountain and is swiftly taken away by police

irish tiktoker under fire for using remote 'cannibal tribe' in viral stunt

CYCJET UV inkjet printer: the best choice for multi-industry inkjet solutions

NIHAO! CHINA 2025 Asian Tour Operators' China Trip · Quanzhou Concluded, Writing a New Chapter for the Maritime Silk Road

Korean B2B Trading Platform for Global Buyers

©copyright2009-2020New York Fashion News    Contact Us  SiteMap