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@ 2019/07/12Might issue new tariffs
Fresh after getting a UK diplomat fired for secretly telling his bosses that the US president was unstable, Donald [Prince of Orange] Trump has decided to bully the French into allowing US tech companies continue their tax-free antics in Europe.
For those who came in late, the French have dared to ask big US tech companies to pay a tiny three percent tax - corporation tax is around 18 per cent.
This outraged Trump who thinks that big US tax operations should be tax-free and he plans to bully France into abandoning the plan.
This involves a probe that could lead to the United States imposing new tariffs or other trade restrictions.
“The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies”, US Trade Representative Robert Lighthizer said in a statement announcing the investigation.
The move gives Lighthizer up to a year to investigate if France’s digital-tax plan would hurt US technology companies, which should take him about ten minutes to work out.
The “Section 301” investigation will determine if the levy poses an unfair trade practice. Prior investigations have covered Chinese trade practices and European Union subsidies on large commercial aircraft.
Fresh after getting a UK diplomat fired for secretly telling his bosses that the US president was unstable, Donald [Prince of Orange] Trump has decided to bully the French into allowing US tech companies continue their tax-free antics in Europe.
For those who came in late, the French have dared to ask big US tech companies to pay a tiny three percent tax - corporation tax is around 18 per cent.
This outraged Trump who thinks that big US tax operations should be tax-free and he plans to bully France into abandoning the plan.
This involves a probe that could lead to the United States imposing new tariffs or other trade restrictions.
“The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies”, US Trade Representative Robert Lighthizer said in a statement announcing the investigation.
The move gives Lighthizer up to a year to investigate if France’s digital-tax plan would hurt US technology companies, which should take him about ten minutes to work out.
The “Section 301” investigation will determine if the levy poses an unfair trade practice. Prior investigations have covered Chinese trade practices and European Union subsidies on large commercial aircraft.
