Trump, Macron agree to give digital tax row talks a chance

France improves stock options policies for startup employees		
		
	Romain Dillet

			@romaindillet	 
		8 hours

The Organization for Economic Cooperation and Development is still working on a proposal for taxing tech companies around the world.France pushed ahead with its own levy past year that went after Google, Apple, and Amazon.

In his usual style, Donald Trump quickly promised reprisals in the form of customs taxes on French products, including wine.

The minister said France would "certainly not" give in to pressure to reduce to "nearly nothing" the 3 per cent tax France imposed on multinational tech giants' turnover from January 1 previous year, pending the adoption of an global tax regime under the Organisation for Economic Cooperation and Development (OECD).

French authorities have repeatedly said that any global agreement on digital taxation reached within the OECD would immediately supersede the French tax.

"We will work together on a good agreement to avoid tariff escalation", he wrote.

US President Donald Trump has agreed to hold off on tariffs with France until digital tax negotiations at the Organisation for Economic Co-operation and Development (OECD) are over, Reuters reported, citing its source. One American wine merchant called it the biggest threat to the industry since Prohibition a century ago. The French government had warned that the European Union would retaliate if the USA imposed additional tariffs. "Today we are the most attractive country in terms of productive investment", Macron said.

"Sounds like a pretty healthy relationship to me", said Hogan in the U.S. capital on Thursday.

The US sanctions "would be a awful blow for French viticulture", said Le Maire, adding he had spent most of the weekend in negotiations and was due to meet US Treasury Secretary Steven Mnuchin again on Monday evening.

Since then, the Trump administration has refused to start the tariff-cutting negotiations unless Europe includes agriculture in them. In addition, levies were levied on European Union products in retaliation for state aid to Airbus SE that the World Trade Organization classified as illegal, and the WTO appellate body was suspended.

Mr Trump, scheduled to speak Tuesday in Davos at the World Economic Forum's annual meeting, on Sunday reiterated his frustration with Europe as a trading partner. All those barriers are coming down. You have to come down, "he told a peasant conference in Austin, Texas". He added, "Europe was, in many ways, more hard - and is more hard - than China".

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