Google is part of the legislation dubbed as the GAFA tax which was passed by the French today.
The legislation – dubbed the GAFA tax – an acronym for Google, Apple, Facebook and Amazon – was passed by a simple show of hands in the Senate upper house after previously being passed by the National Assembly lower chamber. “The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies,” US trade representative Robert Lighthizer said in a statement.
“France is a sovereign state and it alone decides on its taxation mechanisms and it will continue to do so,” he said.Le Maire said he was warned about the so-called Section 301 investigation during a “long conversation” with US treasury secretary Steven Mnuchin on Wednesday, saying it was the first time such a step had been taken in the history of French-US relations.
“We will redouble our efforts for a consensus-based solution with a final report by 2020,” they said in a statement.Such a move is supported by Google which believes it would mean Silicon Valley tech giants would pay less tax in the US and more in other jurisdictions, in a departure from the longstanding practice of paying most taxes in a company’s home country.
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