US consumers, companies and workers will pay the biggest price for proposed 100% tariffs on French Champagne and other sparkling wines, cheese, porcelain, enamel cookware and handbags, witnesses told the US government on Tuesday (7 January).
France is ready to go to the World Trade Organization to challenge US President Donald Trump's threat to put tariffs on champagne and other French goods in a row over a French tax on internet companies, its finance minister said on Sunday (8 December).
The US government on Monday (2 November) said it may slap punitive duties of up to 100% on $2.4 billion in imports from France of Champagne, handbags, cheese and other products, after concluding that France's new digital services tax would harm US tech companies.
States need to be prepared and equipped to tax what cannot be seen, but also to increase the fairness and effectiveness of the collection of tax revenues, a panel of experts has agreed.
The Focus Group 'Smart taxation in a fast-changing …
Paolo Gentiloni won the European Parliament's approval on Thursday (3 October) to become EU Commissioner for the Economy, with ambitious plans to unblock tax proposals and to design the European unemployment reinsurance scheme.
European Union commissioners-designate said the bloc should agree on a digital tax if no deal on the matter was reached at a global level by the end of next year, ramping up pressure on multinationals accused of paying too little.
French President Emmanuel Macron steered a tense G7 summit towards a happy conclusion on Monday (26 August), in what will be remembered as one of the most conciliatory gatherings since Donald Trump took over the US presidency.
France's minister of public action and accounts, Gérald Darmanin, wants to reform VAT collection for e-commerce platforms. The French minister also wishes to draw inspiration from the EU's tax haven blacklist to establish a similar one for fraudulent platforms. EURACTIV's partner La Tribune reports.
French finance minister Bruno Le Maire is determined to chair an “efficient” meeting with his colleagues of the G7 countries on Wednesday and Thursday. His goal is no less than to refound capitalism. As a first step, he wants to reach an agreement on the main features of digital tax, to pave the way for an international compromise by early next year.
US President Donald Trump has ordered an investigation into France's digital tax plans, which may result in retaliatory tariffs or trade restrictions, should the outcome of the probe identify unfair or discriminatory practices.
Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final communique issued by the bloc showed on Sunday (9 April).
European Commission will urge finance ministers on Friday (17 May) to agree on a floor to corporate taxation, as part of a strategy to shape the ongoing global debate on tax matters, according to documents seen by EURACTIV.com
The voting record of 11 far-right parties in the European Parliament demonstrates their affinities with the interests of large corporations and financial institutions, rather than the interests of people they claim to defend. EURACTIV France reports.
Ireland, Sweden and Denmark are set to maintain their opposition to the EU’s digital tax next Tuesday, forcing finance ministers to kill the European solution and focus instead on the OECD’s ongoing work to levy digital companies.
After a meeting between the SPD executive committee and the EU’s Commissioner for Economic Affairs in Berlin on Monday (11 February), all called for fairer taxation in Europe. EURACTIV Germany reports.
A large majority of EU governments opposed on Tuesday (12 February) the European Commission’s proposal to end the unanimity required to pass legislation on taxation, saying they want to protect national sovereignty and avoid having decisions forced on reluctant countries.