Tax our tech and well blacklist your bubbly

UNACCEPTABLE, harrumphed Frances finance minister. Worthy of a pugnacious response, thundered a colleague. The object of this Gallic ire was the Trump administrations threat this week to impose 100% tariffs on some of Frances tastiest exports, from cheese to champagne, in response to its governments planned digital-sales tax.Corporate tax has become a major source of transatlantic tension since various European countries began to cook up levies to capture more revenue from the likes of Google and Facebook, whose effective European tax rates often look suspiciously lowsometimes a mere percent or two. France has gone furthest, with a 3% levy on sales that will be backdated to the start of 2019. Britains version, levying 2%, is set to kick in next April. Americas Treasury calls such taxes discriminatory.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«     2020    »