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It’s not enough to single out the US tech giants. France wants to develop a global universal tax law.

via:博客园     time:2019/8/22 13:30:37     readed:100

Not only is there a digital tax levied in the country, the French government also hopes to implement a universal tax law for digital services on a global scale.

According to Sina News, French President Mark Long said on Wednesday that the US technology giant has paid an unfair low tax rate and failed to contribute to the public interest, and hopes that the US can help reform the global corporate tax law.

According to Mark Long, the current tax system is not a good system, even for American workers.

And he believes that increasing taxation on large technology companies is a matter of social justice, and urges the United States to help develop a common tax law for digital services.

As early as March 2018, the European Commission had announced a legislative proposal to adjust the tax rules for large Internet companies. According to the legislative proposal, any EU member state can tax the profits generated by the Internet business that occurs in its territory.

However, due to opposition from Ireland, Sweden and Denmark, the EU level failed to reach an agreement on a wide range of digital taxes, and the French government began to gradually promote domestic taxation.

Earlier this year, France launched its own version of the digital tax. This tax will apply to technology companies that generate at least 750 million euros ($845 million) in global revenue and 25 million euros ($28 million) in French revenue on digital services.

Some media predict that in 2019, the tax will bring 400 million euros in revenue to France, and by 2020, it will reach 650 million euros.

On July 11, the French Senate formally approved the law. French Finance Minister Bruno Le Maire stated in the statement at the time: “France is a sovereign country and France has decided its own tax rules. ”

On the other hand, last year's top 9 global technology companies were global companies. Apple, Google, Microsoft, and Dell all had revenues of more than 750 million euros.

Therefore, the US government believes that this practice is “unfairly targeting US companies” and announced that it will investigate the French digital service tax in accordance with Section 301 of the US Trade Act of 1974.

On Monday, at a hearing held by the US Trade Representative Office and other government officials, Google, Facebook and Amazon, as well as several major trade associations, expressed their views on France’s tax policy, saying that the digital tax imposed by France is detrimental to the global tax system. And multilateral reform efforts.

Matthew Schruers, chief operating officer of the American Computer and Communications Industry Association (CCIA), believes that this action by France requires a substantial, commensurate response from the United States. He added that this tax "no doubt" is against US companies, the French government tried to "define them".

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