He said that the US hit in France with ‘substantial’ action on digital taxation

WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that the United States could become France soon, with a significant mutual-action: after, Paris announced that a tax is aimed at U.S. technology companies.

FILE PHOTO: US President when He comes to the door, in order to take part in the “Promise of America’s workforce – One year Celebration’ event in the State Dining Room of the White House in Washington, d.c., USA, on 25 July 2019. (REUTERS photo/Leah Millis

“If we tax them, it is their own Country, the united states of america. We are proud to announce a significant reciprocal action at the Macron, it is a folly and short,” He tweeted, referring to the President of france, Emmanuel Macron. “I have always said to Us, wine is better than French wine!”

Last week, He spoke with a Macron, and its concerns have been expressed about the state of the proposed services, the taxes, the White House said.

White House spokesman Judd Deere said that the United States is very disappointed by the French decision to choose the services of the tax at the expense of AMERICAN businesses and workers. In france, it is a one-sided measure, it seems to be focused on the innovative US technology companies that provide services in the various sectors of the economy.”

He added: “the administration is looking closely at all of the other instruments.”

The us Trade Representative Office (USTR) last month said that it would be a public hearing on Aug. 19, the probe of France’s planned tax on large technology companies are an Asset to carry out an investigation into the load, which could cause the United States to impose new tariffs or other trade restrictions.

USTR said the charge was an “unfair tax policy”. The plan is to depart from in the the tax standards, “the extraterritoriality; taxation of income, not income, and the goal is to punish technology companies for their business success,” he said.

USTR added that the statements of the French officials, and the tax amount to a de facto discrimination against US companies, as an exemption from the smaller businesses, especially those that have to work alone in France.”

The tax is due to apply retrospectively from the start of 2019 at the latest. USTR said that it calls into question the fairness of the tax.

Two weeks ago, the French Senate approved the 3% tax that applies to income from services is earned in France by companies with more than 25 million euros in the French and turnover of 750 million euros ($845 million) in the world.

Other european union countries, including Austria, great Britain, Spain, and Italy, have announced plans for their own digital tax.

They say that a levy is necessary because of the large, multi-national internet companies such as Facebook (FB.O) and Amazon (AMZN.D) be currently in a position to book profits in low-tax countries such as Ireland, where the revenue is coming from. The political pressure to respond is growing as the local shops on main street and online, have been placed at a disadvantage.

Reporting by timothy Ahmann, Steve Holland and David Shepardson; editing by Dan Grebler and Jonathan Oatis

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular