France and US 'have 15 days to solve tech tax dispute' - News Summed Up

France and US 'have 15 days to solve tech tax dispute'


Le Maire said he had a "long discussion" on the telephone on Monday with his US counterpart Steven Mnuchin. "We have given ourselves exactly 15 days" to solve the issue at the Organisation for Economic Cooperation and Development, Le Maire said, urging Washington not to impose sanctions during this time. On Monday, Le Maire urged Washington to renounce the threatened sanctions and warned of possible EU retaliation. France last year approved a levy on tech firms as international efforts dragged on to find a new model to tax revenues earned via online sales and advertising. Washington says US companies such as Google, Apple, Facebook and Amazon have been singled out by the French tax.


Source: The Local January 07, 2020 09:22 UTC



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