PARIS (Reuters) – The United States risks a proliferation of national taxes on tech giants if President Donald Trump rejects new international rules for taxing digital companies at next week’s World Economic Forum, the French government said on Friday.
FILE PHOTO: Bottles of Champagne displayed in Paris, a product the U.S. has threatened to impose tariffs on in retaliation for a French tax on digital companies. REUTERS/Benoit Tessier/File Photo
Finance Minister Bruno Le Maire wants a U.S. commitment in Davos to the international tax reform and is also pressing Washington to lift a threat of tariffs on French champagne, cheese and luxury handbags made in retaliation against France’s own digital tax.
Agreement was close on a universal tax proposal drawn up by the Organization for Economic Cooperation and Development, Le Maire said, but Washington needed to take the “last step” to reach a compromise.
“The proposal on the table is the right solution. We are not far from…
Source Reuters Tech News