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France: Don't retaliate for our US-Tech targetting Tax


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2020 Jan 6, 9:43am   624 views  10 comments

by MisdemeanorRebel   ➕follow (12)   💰tip   ignore  

France's top finance minister on Monday warned U.S. officials against implementing tariffs or other measures aimed at harming the French economy, a month after U.S. officials proposed steep duties on French exports.

In a radio interview, Bruno Le Maire warned that France would retaliate should the U.S. impose tariffs aimed at France's exports over dissatisfaction with a new French digital services tax that will affect several top U.S. tech firms, according to Reuters.

“If the Americans decide to go ahead and impose sanctions against the digital tax ... in this case, we would retaliate,” he reportedly said.

“If there were to be sanctions, and it is a possibility that we will take sanctions, we would immediately contact the WTO [World Trade Organization]," Le Maire added.

President Trump first threatened tariffs against France in July of last year, rebuking French President Emmanuel Macron for "foolishness" after the digital services tax was signed into law.

In early December, 100 percent tariffs were officially proposed against exports of French cheeses, sparkling wines, beauty products and other goods, with U.S. officials releasing a report blaming the digital services tax as a barrier to trade with the U.S.

"I'm not going to let people take advantage of American companies," Trump said in December, according to CNN. "If anyone is going to take advantage of the American companies, it's going to be us, it's not going to be France."
https://thehill.com/policy/finance/476900-france-wants-us-against-digital-tax-retaliation

I'm sure as this story develops, we can count on the WaPo, CNN, AP, etc. to fairly report on this.

Comments 1 - 10 of 10        Search these comments

2   Heraclitusstudent   2020 Jan 6, 1:39pm  

American companies want to run a business in France but not pay taxes there.
Surprise....
4   MisdemeanorRebel   2020 Jan 10, 9:14am  

Heraclitusstudent says
American companies want to run a business in France but not pay taxes there.
Surprise....


They want to pay the same tax as European Internet Companies. The tax has been carefully engineered to exclude Franco-German tech companies.

Just like Canada excludes US Businesses from owning Telecoms and Banks with complex, careful rules.
5   Goran_K   2020 Jan 10, 9:22am  

France is now a proxy caliphate. Fuck them and fuck their technology goods. No one buys "french" anything besides whores and maybe wine, most of the time, together.
6   Heraclitusstudent   2020 Jan 10, 10:01am  

NoCoupForYou says
They want to pay the same tax as European Internet Companies. The tax has been carefully engineered to exclude Franco-German tech companies.


There are no Franco-German tech companies to speak of.
If they are in France and Germany, they do pay taxes there - a lot of taxes.
But US tech companies are Ireland and do not pay taxes in France, though they want to sell there.
Trump wants to protect the right for multinationals to evade taxes.
7   Heraclitusstudent   2020 Jan 10, 10:03am  

Goran_K says
No one buys "french" anything besides whores and maybe wine, most of the time, together.

So much of it that the US manages to run a deficit with this country.
https://www.census.gov/foreign-trade/balance/c4279.html
9   Goran_K   2020 Jan 16, 8:31am  

Heraclitusstudent says
French digital services tax t
Heraclitusstudent says
Goran_K says
No one buys "french" anything besides whores and maybe wine, most of the time, together.

So much of it that the US manages to run a deficit with this country.
https://www.census.gov/foreign-trade/balance/c4279.html


Ouch. Those tariffs are going to hurt France bad.
10   zzyzzx   2020 Jan 16, 9:28am  

https://en.wikipedia.org/wiki/Cheese-eating_surrender_monkeys

The term "cheese-eating surrender monkeys" first appeared in "'Round Springfield", an episode from April 1995 of the American animated television show The Simpsons.[1] In the episode, budget cuts at Springfield Elementary School force the school's Scottish janitor, Groundskeeper Willie, to teach French. Expressing his disdain for the French people, he says to his French class in his Scottish accent: "Bonjoooouuurrr, ya cheese-eatin' surrender monkeys!"

Use of the term has grown outside of the United States, particularly in the United Kingdom.




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