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France hoping to resolve digital tax spat this week: Le Maire – Source Reuters Tech News

FILE PHOTO: French Finance Minister Bruno Le Maire reacts after his New Year address to France’s economic actors and the press at the Bercy Finance Ministry in Paris, France, January 7, 2020. REUTERS/Charles Platiau

PARIS (Reuters) – French economy minister Bruno Le Maire said he hoped to resolve a row with the United States over a planned French digital tax by Wednesday evening of this week.

“We are ready to make steps toward the United States, and we have already proposed a certain number of measures. We hope to reach a resolution by Wednesday,” Le Maire told LCI television on Monday, adding he would meet U.S. counterparts at the Davos World Economic forum in Switzerland this week.

France decided in July to apply a 3% levy on revenue from digital services earned in France by firms with revenues of more than 25 million euros ($28 million) in France and 750 million euros worldwide. Washington has threatened to impose taxes on key French products in response.

Last week, the…

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Source Reuters Tech News

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