Home >> Trending Topics >> In The News >> Report: Trump Tentatively Agrees To Deal Allowing Macron To Tax Big Tech

Report: Trump Tentatively Agrees To Deal Allowing Macron To Tax Big Tech

http://dailycaller.com/

U.S. and French negotiators reached a deal allowing France to tax American big tech companies, Reuters reported Monday.

French President Emmanuel Macron pushed a digital tax in July, which prompted U.S. President Donald Trump to threaten a separate tax on French wine imports. France’s 3% tax is discriminatory against Google, Amazon and other companies, U.S. Trade Representative Robert Lighthizer said in a press statement at the time.

French Finance Minister Bruno Le Maire, U.S. Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow etched out a deal compelling France to repay companies the difference between the tax and a planned mechanism drawn up by the Organisation for Economic Co-operation and Development (OECD).

(Article Continues Below Advertisement)

“Trump’s adviser is OK with the proposal,” a source familiar with the negotiations told reporters, referring to the deal that depends on the OECD’s mechanism. “That would be the mechanism at this stage. That’s the joint proposal.”

(Article Continues Below Advertisement)
Sponsored Content

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected]

Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!

Sponsored Content
0

About Chris White

Sign up for our Newsletter

* indicates required field




Email Format


Subscribe!