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Tuesday , September 17 2019

US “extremely disappointed” by France’s digital service tax

WASHINGTON, July 26 (KUNA) — The White House said Friday that it is “extremely disappointed” by France’s decision to adopt a digital services tax “at the expense of US companies and workers.”

The White House said in a statement that “France’s unilateral measure appears to target innovative US technology firms that provide services in distinct sectors of the economy.” It added “it also demonstrates France’s lack of commitment to the ongoing OECD negotiations.”

It stressed that “the Trump Administration has consistently stated that it will not sit idly by and tolerate discrimination against US-based firms.” “The US Trade Representative has already launched a Section 301 investigation into France’s digital services tax, and the Administration is looking closely at all other policy tools,” it affirmed.

For his part, President Donald Trump tweeted “France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly.”

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