Davos Forum: Emmanuel Macron And Donald Trump Agree On a Truce On The Google Rate To Avoid An Escalation In The Commercial War

The president of France, Emmanuel Macron, and the president of the United States, Donald Trump, have agreed to relax trade tensions between the two countries and continue to discuss the possibilities of reaching an agreement on the tax that serious activities of large technology companies with the In order to avoid an escalation in commercial warfare.

"We will work together on a good agreement to avoid an escalation of tariffs," the French president announced through his profile on the social network Twitter, which the US president has described in response as "excellent."

The two countries had agreed at the beginning of January to meet in Davos to discuss the taxation of digital giants, after Washington threatened to impose additional 100% tariffs on French products.


The French Minister of Economy and Finance, Bruno Le Maire then defended that the rate set by France to tax activities in the country of large digital corporations "is not discriminatory", so underline that the US sanctions raised "are hostile, inappropriate and illegitimate. "

At the end of last November, the Office of the US Trade Representative (USTR) announced the proposal to impose a 100% tariff on the importation of 63 French products, whose added value amounts to 2,400 million dollars (2,147 million euros ) when considering that the French tax on digital multinationals "discriminates against US companies" and is not consistent with the principles of international taxation and is "monthly onerous" for affected US companies.

Washington responded five months later to the promulgation in France of the so-called GAFA rate (by the initials of Google, Apple, Facebook and Amazon), its own 'Google rate', which sets a 3% tax on the billing of those digital businesses whose worldwide sales exceed 848 million dollars worldwide and 28 million dollars in France.



Leave a Reply

Your email address will not be published. Required fields are marked *

51 + = 56