President Donald Trump and French President Emmanuel Macron talk during the NATO meeting in London ... [+] on December 3, 2019. (Photo by LUDOVIC MARIN/POOL/AFP via Getty Images) POOL/AFP via Getty ImagesNot for the first time, President Trump has me confused about his tax policy. “Inconsistent with tax principles.”In a report issued on Dec. 2, the US Trade Representative concluded that the French digital tax “is unusual and inconsistent with prevailing tax principles and renders the tax particularly burdensome for covered U.S. companies.” That is mostly true. One-off digital taxes are spawning a new problem. Maybe Trump thinks he can use tariffs to bludgeon France into unilaterally abandoning its digital tax and discourage other countries from adopting their own.

Source: Forbes December 05, 2019 15:33 UTC