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USTR announces duties on $1.3B in French goods in tax dispute

Posted On: Jul 10, 2020   |   Posted By: Politico

USTR announces duties on $1.3B in French goods in tax dispute

The Trump administration announced Friday a 25 percent tariff on $1.3 billion worth of French handbags, cosmetics and soaps in retaliation for a digital services tax on U.S. internet giants, but said it would suspend imposing them for up to six months.
The United States believes the way the French tax is structured unfairly targets large U.S. internet companies like Facebook, Google and Amazon. However, other countries are increasingly determined to find a way to collect revenue from firms that earn billions of dollars in their markets.
A leading U.S. technology group welcomed the action, which was announced in a Federal Register notice .
“Today's action sends a strong message that discriminatory taxes aimed at US companies are not a path to modernizing the global tax system,” Matt Schruers, president of the Computer and Communications Industry Association, said in a statement. “Changes to international tax rules must be negotiated in good faith through a consensus-based approach at the OECD that addresses...

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