Macron and Trump agree to extend talks on digital tax
French President Emmanuel Macron said Monday January 20 he had a “great discussion” with President Trump on a digital tax in an effort to avoid more pressure from increased tariffs being imposed on the European Union. Macron tweeted: “We will work together on a good agreement to avoid tariff escalation,” he said.
“Excellent!” replied Trump on Twitter.
The two countries will continue negotiations along with their European partners until the end of 2020 in order to agree a global framework that ensures tech companies pay an appropriate amount of tax, according to French finance minister Bruno Le Maire
France passed a bill in July 2019 which would impose a 3% tax on any revenue made by large digital companies operating in France such as Google, Facebook, and Amazon.
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