A new French-U.S. digital tax deal did little to allay concerns that U.S. tech giants aren’t ready to make their first tax payment in November.
French President Emmanuel Macron said Aug. 26 that his government plans to unwind the new 3% tax on digital revenue once there’s an international solution for taxing digital companies. The Organization for Economic Cooperation and Development is hoping to have such a deal ready by 2020.
Under the deal, France would credit companies for the amount they paid above what they would have under a global digital tax solution, Macron said during a joint news ...
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