'The proposed U.S. sanctions are simply unacceptable,' said Bruno Le Maire, the French Economy and Finance Minister. 'French taxation on the digital giants aims to restore fiscal justice.'
The American proposal to enforce additional duties of up to 100 percent on French products such as wine and cheese in retaliation for a"discriminatory" tech tax law is"unacceptable," the country's economy and finance minister, Bruno Lepushed back against the U.S. plan to apply fresh tariffs on French goods worth $2.4 billion in response to the Digital Services Tax , designed to tax technology giants including Google, Apple, Facebook, and Amazon.The minister said any U.S.
Translated, Le Maire told the radio station:"If there are any new American sanctions, the European Union will be ready to hit back. Yesterday we made contact with the European Commission for assurances that should there be any new sanctions, there would be a European response, a strong response." The politician also posted a statement to Twitter today alongside multiple clips from the interview."The proposed U.S. sanctions are simply unacceptable," he wrote."French taxation on the digital giants aims to restore fiscal justice.
He added:"It does not only target U.S. companies but also Chinese or European companies. A digital taxation project at the international level is on the table of the"We are waiting for the American response," he continued."If the United States says no, it means that they do not respect the commitment made at the end of August to the G7.", the Office of the U.S. Trade Representative said the French tech tax law"discriminates against U.S.
Le projet de sanctions américaines est tout simplement inacceptable. La taxation française sur les géants du numérique vise à rétablir de la justice fiscale. Elle ne vise pas seulement les entreprises américaines mais aussi les entreprises chinoises ou européennes
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