The move was described as a "provocation" on Thursday by France's finance minister. In a radio interview, Bruno Le Maire confirmed he had received a letter from U.S. Treasury Secretary Steve Mnuchin, in which the latter said they had reached an impasse and there wasn't room even for an interim deal.
The U.S. and Europe have been at odds over taxing tech giants for some time. In early 2019, European governments failed to implement an EU-wide digital tax and took the negotiations to the Organization for Economic Cooperation and Development seeking an international approach. However, the French decision sparked tensions with the United States, with U.S. Trade Representative Robert Lighthizer arguing the new tax was unfair on American companies. He said the U.S. would impose tariffs on certain French goods in response.
The U.K., Italy and Spain have, in the meantime, developed their own digital tax proposal in case OECD talks fail. The organization was due to present a proposal later this year.that it would investigate Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey and the United Kingdom for implementing, or proposing, new taxes on digital giants.
The US should tax the biggest Tech giants as well, since most of them are the ones who actually benefited from this economic crisis, wow smaller businesses have suffered.
Silvia_Amaro please run an updated article about the US hypocrisy in this whole situation...see Lawyer Richardson: repeal FATCA end CBT
Never before now it’s a common theme ...
Hmmm...
Now you know why Elon Musk and Mark Zuckerberg are behind Trump..
Corruption is well alive and kicking!
Bling bling donations poor in ! Kickbacks too! 💰
Pull out and turn-tail and run or in Latin as it will appear on the new Trump 3 dollar bill ...Et cauda trahere conversus et currere,
Надеюсь,что это правда
Protect the rich at all costs lives futures retirement and call it freedom
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