Views Article – Sharenet Wealth

News, North America

France offers to suspend digital tax in dispute with U.S. – source

PARIS, Jan 21 (Reuters) – France has offered to suspend down payments on a digital services tax on big internet companies due in April as part of an effort to resolve a dispute with Washington over the levy, a French Finance Ministry source said on Tuesday.

Washington has threatened to hit some goods with tariffs over France’s digital services tax, which it considers to unfairly discriminate U.S internet groups.

“What we’re proposing is to give ourselves time and to show our goodwill, to postpone the remaining payments to December,” the source told Reuters.

The aim is to give time for broader negotiations to take place in the mean time at the Organisation for economic Cooperation and Development to rewrite international tax rules, the source said. (Reporting by Leigh Thomas; editing by Michel Rose)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Array ( )