France is holding tough on its new digital services tax (DST) in the face of threatened US tariffs, and a visit to Washington this week by the European Union’s trade minister showed no sign of breaking the impasse.
In an opinion piece published in the Wall Street Journal January 13, Bruno Le Maire, France’s minister of economy and finance, again disputed the determination by the office of the US Trade Representative (USTR) that the DST discriminated against US companies, and he said the stiff retaliatory tariffs that US has threatened to impose on French goods including wine, cheese, and luxury handbags would be “ineffective.”
Source Deloitte
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