Welcome
Daily Tax Report: International

U.S. Treasury Mulls Retaliation to French Digital Tax

July 11, 2019, 11:29 PM

The Treasury Department is “evaluating a range of potential U.S. responses” to France’s adoption of a digital services tax, indicating that the Trump administration will likely retaliate if France moves forward.

The French Senate July 11 adopted legislation to impose a 3% tax on digital revenues. The Trump administration already announced a trade investigation into the French tax, but the Treasury Department July 11 indicated it is considering its own responses.

“If France unilaterally adopts a DST and the United States does not respond, other countries may impose similar unilateral measures,” Treasury official Kimberly Pinter wrote to Senate...

To read the full article log in. To learn more about a subscription click here.