France slams ‘provocation’ as the US numerically stops the tax talks

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France and the United States locked horns on Thursday on the digital taxation of giants like Google and Facebook after Washington said it was the breakdown of talks aimed at establishing a global framework to make companies pay more levies where they operate.”This letter is a provocation,” French Minister of Finance Bruno Le Maire, confirming the reception of the announcement by the American Secretary of the Treasury Steven Mnuchin.

France, Britain, Italy and Spain have already sent a response expressing their desire to agree on a “digital tax fair at OECD level, as quickly as possible,” M . The mayor.

“We were a few inches away from a deal on a tax for the digital giants, who are perhaps the only people in the world to have benefited significantly from the coronavirus,” he told France Inter.

In January, 137 countries agreed to negotiate a deal on how to tax multinational tech companies by 2020, the end of the year, under the auspices of the OECD.

European countries, particularly the so-called GAFA – Google, Apple, Facebook and Amazon – unfairly exploit tax rules that allow them to declare profits down tax havens, depriving them of a fair share of the exercise of their payments.

Meanwhile, France as well as the UK, Spain, Italy and others have imposed taxes on the largest digital companies.

US officials have slammed the move as discriminatory against US businesses, and say all new levies should come only as part of the broader review of international tax rules.

Paolo Gentiloni, the European commissioner for economic affairs, said he hoped that the US decision to stop negotiations is not permanent.

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