France has just revealed its new digital tax and it is clear that it is aimed at the United States and its technology firms. The following from a French English speaking news source, goes straight to the heart of that discussion.
Today, the top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement after France announced intentions to implement a digital tax aimed at technology companies:
“My view has remained consistent: new taxes targeted at cross-border digital services directly target U.S. companies. If France goes through with this tax, it would result in double taxation and violate longstanding norms, spurring a reaction in the United States that could very well include a review of American tax and regulatory policies to ensure a level playing field in global markets. The EU abandoned a similar proposal in December, and I strongly urge the French to do the same.”
