Make Kitco Your Homepage

Let's not resolve digital tax dispute through threats, France tells Trump

Kitco News

PARIS (Reuters) - The United States and France should find means other than threats to solve the problem of how to tax big tech firms, French Finance Minister Bruno Le Maire said on Thursday after Washington launched a probe into France’s planned digital tax

“Between allies we can and should solve our disputes not by threats but through other ways,” Le Maire told senators ahead of a final vote on the tax.

“France is sovereign country, its decisions on tax matters are sovereign and will continue to be sovereign,” he added.

U.S. President Donald Trump on Wednesday ordered an investigation into the planned French tax, in a probe that could lead to the United States imposing new tariffs or other trade restrictions.

Reporting by Leigh Thomas; editing by Richard Lough

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.