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France Proceeds With Digital Tax, Despite US Tariffs

By  |  October 20, 2020

France will proceed with intentions to gather its controversial digital services tax in the middle of December, Accounting Today reported.

“The only question we have to ask is whether we can accept that the big winners of this crisis, the digital giants, should continue to be taxed less than other big companies — my answer is no, and thrice no,” Finance Minister Bruno Le Maire said.

Le Maire added that he didn’t expect any major change in the clash with the US, even if Joe Biden wins November’s election.

“There could be a change on the question of sanctions and how the US will behave with Europe,” he said. “But I’m more skeptical about fundamental change in the US position on digital tax.”

The government of France halted the payment of its national tax on digital revenues as the United States consented to abstain from retaliatory taxes.

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