By Steve Holland and Alexandra Alper
Oct 15, 2019; Washington, DC, USA; President, Donald J. Trump, leaving the rose garden after he was welcomed to the 2019 Stanley Cup Champions, and the Pc. Louis Blues at The White House on Tuesday, October 15, 2019. Mandatory Credit: Jack Gruber-USA TODAY Sports
WASHINGTON (Reuters) – the U.S. President, when He is expected to raise the possibility of U.S. retaliation against the Italian tax on digital companies, where he will meet with the President, Sergio Mattarella on Monday, a senior administration official said.
Speaking to reporters on Tuesday before the White House visit, the official said He would be likely to express the desire that the tax controversy is to be resolved by the Organisation for Economic co-operation (OECD) countries, but noted that the United States would be willing to make such a charge.
He is of the opinion that this is unfair discrimination against US companies, as they are the primary firms that will be affected by this tax,” the official said. “If the targeting of AMERICAN companies, this being done, he would have no choice but to be who you are, and the protection of AMERICAN business.”
The comments came after Reuters reported on Monday that Italy and how to prepare for a new tax on digital businesses in the 2020’s budget to kick in in January when the search for alternative sources of income that allow for the cancellation of a planned increase in sales tax.
If it is approved in its current form, the tax will require a multinational, web-based giants will pay a 3% tax on transactions made over the internet, the sources said.
European Union members have long complained about the way in which Facebook Inc., Alphabet, Inc., Google and major Web companies are gathering enormous profits in their country of residence and pay tax on the profit of a few million euros per year.
In August, France, germany, and the United States of america to reach a deal to end a stand-off on the French tax on large companies, in France the pay of companies, it is the difference between the French tax and is a mechanism by which it is drawn up by the OECD.
The officers of the s. S., had complained that the charge is wrongly targeted U.S. companies, including Facebook, Google, and Amazon.com Inc . They are now in a position to book profits in low-tax countries such as Ireland and Luxembourg, where the revenue is coming from.
In italy, the plan is largely in line with the proposals made by the OECD, which last week urged the government to set new rules for the taxation of the global giants.
Reporting by Steve Holland and Alexandra Alper in Washington; Editing by Chris Reese and Matthew Lewis