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France’s New Proposed Digital Tax is Aiming at US Technology Firms for Revenue

Posted on March 6, 2019March 6, 2019 by admin

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.”

 

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