France and the United States have agreed “on a common global framework” for the taxation of GAFA, but there are still points that need to be resolved to completely eliminate the differences between the two countries, the French Economy and Finance Minister said on Wednesday.
Bruno Le Maire made these statements at the end of a meeting with US Treasury Secretary Steve Mnuchin on the margins of the Economic Forum in Davos, Switzerland.
“There is now a common global framework between France and the United States for this digital taxation,” the French minister told the press.
The idea of a tax on “GAFA” (Google, Amazon, Facebook, Apple, etc.) divides the United States and European countries, notably France, which introduced its own tax in July, attracting the wrath of Washington, which is threatening retaliation through tariffs.
Paris has agreed to postpone payment of its national tax until December in exchange Washington will not impose sanctions during the same period, which is still to be negotiated.