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22 January 2020

The New York Times: France says US would consider multinational plan for digital taxes


France’s finance minister, Bruno Le Maire, said the United States and France had reached a broad framework for using a plan that was being developed by the Organization for Economic Cooperation and Development to set digital taxes, but further talks were needed.

The announcement came a day after the two countries appeared to strike a temporary truce in a trans-Atlantic spat, after President Emmanuel Macron agreed to suspend a French tax on American technology giants in exchange for a postponement of threatened retaliatory tariffs on French goods by the Trump administration.

Any tax framework developed by the O.E.C.D must meet certain standards, Mr. Le Maire said. “We want the basis to be solid, credible and fair,” he said, later adding that, “There is still some work to be done.”

Further talks were also needed among European nations, he said. If a deal could be reached at the O.E.C.D., he said, that would be preferable either to European countries acting individually or as a group to impose taxes.

“Europe stands united vis-à-vis the U.S.” on the preference for a broadly agreed tax framework instead of each country imposing its own taxes, Mr. Le Maire said.

No comment was immediately available from United States officials. The Treasury secretary, Steven Mnuchin, is expected to hold a briefing in Davos tomorrow. [...]

Full article on The New York Times

Related article on POLITICO: US digital tax proposal gets EU cold shoulder



© New York Times


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