The United States has threatened punitive duties of up to 100% on $2.4 billion i...
) are currently able to book profits in low-tax countries like Ireland and Luxembourg, no matter where the revenue originates.The French leader pushed hard for a digital tax to cover European Union member states, but ran up against resistance from Ireland, Denmark, Sweden and Finland.After talks on an EU digital tax foundered, Macron’s government imposed its own unilateral tax in July. It applied retroactively to Jan. 1, 2019.
Paris is not alone among European capitals in proposing a tax on big tech. Britain, Spain, Italy, Austria, Mexico and Canada have also announced plans for their own digital levies.Macron’s goal is to secure a broader agreement on digital taxation under the auspices of the Organisation for Economic Cooperation and Development .
The following month, G7 finance ministers agreed there should be a minimum level of tax to discourage countries from competing in a “race to the bottom”. Digital taxation has opened up a new front in the trade spat between Washington and the EU as economic relations between the two appear to sour.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Trump says Macron was ‘nasty’ by saying NATO experiencing ‘brain death’U.S. President Donald Trump says French President Emmanuel Macron’s recent comments that NATO is experiencing “brain death” is very insulting to the military...
Leer más »
France's Macron pays respects to soldiers killed in Mali, says battle goes onPresident Emmanuel Macron paid tribute on Monday to 13 French soldiers killed in...
Leer más »
Trump, Johnson, Merkel, Macron: This NATO 'Leaders Meeting' is anything but | OpinionThe West is facing security threats unlike any since the end of the Cold War, but a dearth of leadership continues to plague the alliance.
Leer más »
J. Erving's Human Re Sources Expands to the UKDigital distribution and label services company Human Re Sources has expanded to the United Kingdom, with newly-appointed A&R executive Amal Omari and vp creator services Matt Ott heading up the office.
Leer más »
U.S. vows 100% tariffs on French Champagne, cheese, handbags over digital taxThe U.S. government on Monday said it may slap punitive duties of up to 100% on ...
Leer más »