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Thursday, July 11, 2019

trump claims France has no right to tax products sold in France

Defending the new tax on Thursday, French Finance Minister Bruno Le Maire said France was "sovereign and decided its own tax rules". The 3% tax will be levied on sales generated in France by multinational firms like Google and Facebook. The French government has argued that such firms headquartered outside the country pay little or no tax. The European Commission estimates that on average traditional businesses face a 23% tax rate on their profits within the EU, while internet companies typically pay 8% or 9%. https://www.bbc.com/news/world-europe-48947922
Posted by mark b springer at 12:44 PM No comments:
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