Home / HEADLINES / INDIA / US President Trump threatens French wine in digital tax retaliation

US President Trump threatens French wine in digital tax retaliation

Trump voiced his anger in a Tweet , in response to French plans to tax multinational firms like Google Apple, Facebook and Amazon.

French authorities argue that the firms pay little or no corporate tax in countries where they are not based.

The Trump administration has said the tax unfairly targets US tech giants.

FRANCE WILL IMPLEMENT DIGITAL TAX: ECONOMY MINISTER

Meanwhile, France said it will go ahead with a digital tax. French Economy Minister Bruno Le Maire said  “Universal taxation of digital activities is a challenge for France. 

He further added that France wants to reach an agreement within the G7 and the OECD. In the meantime, France will implement its national decisions.
 

Please share this news