Tax of the giants of digital: France denouncing “provocation” of the United States

Taxe des géants du numérique: la France dénonce «une provocation» des États-Unis

PARIS | The French Finance minister, Bruno Le Maire, has denounced Thursday a “provocation” on the part of the United States, who have announced by letter their willingness to “not to pursue” negotiations in the OECD on the taxation of the giants of the digital.

“I confirm that we have received, with my counterparts in Italian, Spanish and british, a letter from the secretary of the Treasury Steven Mnuchin, which confirms to us that they do not want to continue negotiations at the OECD on the taxation of digital”, he said on France Inter.

“This letter is a provocation”, he lamented, ensuring that France, the United Kingdom, Italy and Spain had already responded to Us to confirm in a letter their desire to obtain “a fair taxation of the digital to the OECD as soon as possible”.

“We were within inches of an agreement on the taxation of the giants of the digital, that may be the only ones in the world to have drawn huge profits from the coronavirus,” said Mr. The Mayor, who is also outraged by the way in which France was treated.

“What is this is that this way of treating the allies of the United States (…) by threatening us to systematically sanction”, he denounced, assuring that his country would not give up the tax, he has begun to collect as early as 2019.

“We will apply whatever happens to tax to the giants of the digital sector in 2020 because it is a question of justice”, he assured, recalling that the French tax “had never been revoked, but simply suspended for a few months”.

France had taken the decision in January to defer to the end of the year the levy of the tax for the year 2020 to give time to the negotiations at the OECD to achieve.

At the end of January, 137 countries had agreed to conclude by the end of 2020 to an agreement on the taxation of multinationals, under the aegis of the OECD.

“Is the United States going back on their position and reach an agreement by the end of the year 2020 and it is international taxation that will apply (…), either there was no agreement at the OECD, because the United States is the only country to block, in this case we will apply our tax, national,” reiterated The Mayor.

In the Face of the will French to tax the giants of the digital age, the administration Trump had threatened to overtax “up to 100 %” the equivalent of 2.4 billion worth of French products.

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