France and the United States agree on the Google Fee. Refund to technology companies – Business

France and the United States agree on the Google Fee. Refund to technology companies - Business



Donald Trump and Emmanuel Macron on Monday agreed on the "Google Fee", the July 3% tax on the digital services revenues of major technology companies. The news from Reuters comes after some tension between the two presidents on the issue.

It is therefore foreseen that a refund by France of the difference between the French tax and a mechanism to be considered by the OECD. Still, as this news goes, Reuters notes that Donald Trump has declined to comment on whether the French wine tax will really move on, something that advanced after the French Senate confirmed the rate in July.

Having met resistance from Ireland, Denmark, Sweden and Finland, the Macron government was the first to issue its own unilateral tax, after more than a year the European Commission has been talking about the need to tax the digital business, but without concrete measures. The 3% tax applies to digital services revenues from companies with more than € 25 million in revenue in France and € 750 million worldwide.

The deal was finalized after the French and US authorities concluded a draft compromise on the French tax and the G7 Summit in Biarritz, in which world leaders discussed topics such as digital transformation, climate change and oceans and trade. . And Emmanuel Macron had already expressed his willingness to negotiate with world leaders an international rate similar to the one he imposed in France.



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