France unveils details of digital tax
07 March 2019 |
2:30 pm
France unveils details of digital tax.
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The US leader said he could tax one of France's key exports over a new digital tax on internet giants Google and Amazon. "I've always said American wine is better than French wine," said Trump, who doesn't drink alcohol.
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After securing a trade truce with China, the US president has now turned to the EU. Trump threatened car tariffs if European countries implement a digital tax. The EU says a new deal could come "in a few weeks."
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The United States has reportedly pulled out of talks aimed at overhauling the global tax system for digital giants. France's finance ministry has confirmed to FRANCE 24 that it's received a letter describing an "impasse" on the so-called GAFA tax. The withdrawal risks reigniting a transatlantic trade spat. Also in the show, the European Commission launches an investigation into the proposed merger of carmakers PSA and Fiat Chrysler.
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