US rejects French proposal on taxing tech companies

[Right_in_Virginia]

US rejects French proposal on taxing tech companies
The Local/France, Oct 15, 2017

The United States does not support a French proposal to tax the gross revenues of international tech corporations like Google and Amazon, Treasury Secretary Steven Mnuchin said on Saturday.

The remarks come as European officials say Washington has softened in recent days on a point that has caused sharp transatlantic tensions in recent years.

European authorities have targeted multinational companies that avoid taxation by seeking out cosy arrangements in low- and no-tax jurisdictions.


More: https://www.thelocal.fr/20171015/us-rejects-french-proposal-on-taxing-tech-companies