In retaliation for the digital tax, the United States plans to impose tariffs on 2.4 billion US dollars of French products

category:Hot
 In retaliation for the digital tax, the United States plans to impose tariffs on 2.4 billion US dollars of French products


In a statement that afternoon, letheze said that the 301 survey showed that the French digital service tax discriminated against the US internet giants such as Google, apple, Facebook and Amazon, which brought burden to us enterprises, but also did not conform to the current international tax policy principles.

He also said that the 301 investigation committee will hold a public hearing on this issue on January 7, 2020 for comments. In addition, USTR is considering launching a 301 investigation into digital service taxes in Austria, Italy and Turkey

In the late 1980s, Google, apple and other technology companies invented a tax avoidance strategy commonly known as double Irish Dutch sandwich in the industry, that is, part of their business income in Europe was transferred to branches in low tax countries such as Ireland or the Netherlands before tax payment. For a long time, France and some other European countries have been dissatisfied with the Internet giants use of loopholes in EU tax laws to avoid taxes. In July, the French Senate approved a law to levy a 3% digital service tax on Transnational Internet enterprises, which is applicable to enterprises with annual business income of more than 750 million euros (about 840 million US dollars) of global digital business and more than 25 million euros (about 28.14 million US dollars) of annual business income in France. The U.S. trade representatives office announced on July 10 that it would launch a 301 investigation into Frances digital services tax. The so-called 301 investigation originates from section 301 of the trade act of 1974. The clause authorizes the U.S. trade representative to initiate an investigation into unreasonable or unfair trade practices of other countries, and to recommend unilateral sanctions to the president of the United States after the investigation. Source: editor in charge of Xinhuanet: Dai Wenjia, nb12498

In the late 1980s, Google, apple and other technology companies invented a tax avoidance strategy commonly known as double Irish Dutch sandwich in the industry, that is, part of their business income in Europe was transferred to branches in low tax countries such as Ireland or the Netherlands before tax payment. For a long time, France and some other European countries have been dissatisfied with the Internet giants use of loopholes in EU tax laws to avoid taxes.

In July, the French Senate approved a law to levy a 3% digital service tax on Transnational Internet enterprises, which is applicable to enterprises with annual business income of more than 750 million euros (about 840 million US dollars) of global digital business and more than 25 million euros (about 28.14 million US dollars) of annual business income in France.

The U.S. trade representatives office announced on July 10 that it would launch a 301 investigation into Frances digital services tax.

The so-called 301 investigation originates from section 301 of the trade act of 1974. The clause authorizes the U.S. trade representative to initiate an investigation into unreasonable or unfair trade practices of other countries, and to recommend unilateral sanctions to the president of the United States after the investigation.