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Taxation of the digital: Paris renews its call for an agreement with Washington to the OECD

The United States has punished financially France to have introduced a tax that applies to the giants in american technological. An agreement at the OECD on ta

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Taxation of the digital: Paris renews its call for an agreement with Washington to the OECD

The United States has punished financially France to have introduced a tax that applies to the giants in american technological.

An agreement at the OECD on taxation of the digital is the "only way from the top" to the dispute between Washington and Paris said Saturday the entourage of the minister of the Economy Bruno Le Maire. "The only way from the top, it is an agreement to the OECD," said this source, after the announcement on the eve of further retaliation by the United States.

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These measures, however, frozen in the immediate, aim of French products representing $ 1.3 billion, to punish Paris for having instituted a tax that applies to the giants in american technological. Bruno The Mayor spoke "at length" Friday on the phone with the negotiator commercial-in-chief american, Robert Lighthizer, and the secretary of the Treasury Steven Mnuchin, has added to his entourage, without giving further details on the content of the discussions.

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retaliation

Friday evening, by announcing these new retaliatory measures, the administration of president Donald Trump had frozen their application for six months to help find a negotiated solution to the conflict that plagues the franco-american relations since long months. The rights of an additional duty will be imposed on cosmetic products and handbags, but they save other iconic products such as champagne, camembert or roquefort.

READ ALSO >> Denis Olivennes: "the power of The Gafa is dangerous"

The French Parliament had definitively adopted on 11 July 2019 the introduction of a tax on the giants of the digital world, making France a country pioneer in the field of taxation of "Gafa" (acronym for Google, Amazon, Facebook and Apple) and other multinationals accused of tax evasion.

the office of The us trade representative (USTR) had concluded at the beginning of this year that the tax was "unreasonable" and discriminatory vis-à-vis american companies. In the autumn of 2019, the folder seemed to be on the path to a diplomatic solution. The draft agreement plans to leave in place the new French tax on the activity of large groups of technology until the entry into force of a new tax plan negotiated international in the framework of the OECD.

Of profits beyond the tax

The overhaul of international taxation, under the auspices of the OECD, aims to better understand the activities of companies in this sector, including the substantial profits beyond many of the fiscs in the world. But these multilateral talks have for the moment failed.

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On 17 June, noting the lack of progress on the record, Steven Mnuchin had announced a pause in the discussions, sparking the disapproval of the partner countries and the fear of France, the imposition of tariffs on key products such as wine. On Friday, the international monetary Fund has urged an international agreement to resolve this conflict.

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