France Postpones Taxes on GAFA to Avoid Us Tariffs

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.

International Trade
International Trade

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.

Related Articles:

GAFA Tax: France and the United States Between Threats and Promises of Dialogue

GAFA Tax: Trump Is Threatening to Raise Tariffs on France Again

France Won’t Back up on GAFA Taxes Unless an International Solution Is Reached

Tech Giants Taxation: G20 Paves the Way for Key OECD Negotiations

Elimination of Tax Loopholes Used by Multinationals Is in Sight

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Exercises Make You Happier Than Money

People who play sports usually feel better than people who have money, especially when they have a very high income. Money doesn't make you happy...

Having Had More Than 10 Sexual Partners Increases the Risk of Cancer

The link between the increase in the number of sexual partners and the risk of cancer for men and women was established by a...

One Component of Breast Milk Supports the Baby’s Cognitive Development

Although scientific studies in animals have already shown that a carbohydrate in breast milk influences the neurological development of the offspring. The first study...

Genf20 Plus: Why the Ingredients in the Spray Are Important

The GenF20 Plus oral spray has been created as a complement to the pills, with specific ingredients that complement the action of the pills. Alpha...

The Coronavirus Darkens the Prospects of the Luxury Industry for 2020

From Burberry to Estée Lauder, major luxury homes are trying to estimate the cost of the coronavirus epidemic in China, closing shops and changing...

More Articles Like This