USA/France-Tariffs/Digital Tax

US proposes up to 100 pct tariffs on French products over digital services tax

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Shotlist


FILE: Paris, France - March 26-27, 2019 (CCTV - No access Chinese mainland)
1. Various of Arc de Triomphe, national flag of France

FILE: Champagne, France - January 2019 (Exact Date Unknown) (CGTN - No access Chinese mainland)
2. Various of wine barrels, bottles of wine
3. Information on small blackboard

FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
4. Various of U.S. Capitol building, U.S. national flag

FILE: Los Angeles, USA - Feb 22, 2017 (CGTN - No access Chinese mainland)
5. Various of logo of Google

FILE: Date and Location Unknown (CGTN - No access Chinese mainland)
6. Various of Facebook page

FILE: USA - Date Unknown (CGTN - No access Chinese mainland)
7. Various of user browsing Facebook page on computer

FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland)
8. Various of Amazon's off-line bookstore, customers

Storyline


The U.S. proposed to slap additional tariffs of up to 100 percent on some 2.4 billion U.S. dollars' worth of French products, after concluding that France's digital services tax (DST) harms U.S. companies.

The U.S. initiated its Section 301 investigation into France's planned tax on digital services on July 10, accusing the French government of "unfairly targeting the tax at certain U.S.-based technology companies."

In a statement released Monday afternoon, the Office of U.S. Trade Representative (USTR) said it has completed the first segment of the investigation and concluded that France's DST discriminates against U.S. companies, such as Google, Apple, Facebook, and Amazon.

The USTR is issuing a Federal Register notice explaining the issue, soliciting comments from the public on the proposed action, which includes additional duties of up to 100 percent on certain French products, including Champagne, cheese and handbags.

The USTR is also exploring whether to open Section 301 investigations into the digital services taxes of Austria, Italy, and Turkey.

The DST imposes a three-percent tax on total annual revenues generated by some companies from providing certain digital services to, or aimed at, French users.

The tax applies only to companies with total annual revenues from the covered services of at least 750 million euros (around 830.36 million U.S. dollars) globally and 25 million euros (around 27.68 million U.S. dollars) in France.

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  • ID : 8128901
  • Published : 2019-12-03 16:36
  • Last Modified : 2019-12-03 19:02:51
  • Location : France;United States
  • Category : economy, business and finance
  • Duration : 1'14
  • Audio Language : Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8128901
  • Published : 2019-12-03 18:59
  • Last Modified : 2019-12-03 19:02:51
  • Location : France;États-Unis
  • Category : economy, business and finance
  • Duration : 1'14
  • Audio Language : Nats
  • Source : China Central Television (CCTV)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 1

USA/France-Tariffs/Digital Tax

US proposes up to 100 pct tariffs on French products over digital services tax

Dateline : Dec 2, 2019/File

Location : France;United States

Duration : 1'14

  • English
  • Français


FILE: Paris, France - March 26-27, 2019 (CCTV - No access Chinese mainland)
1. Various of Arc de Triomphe, national flag of France

FILE: Champagne, France - January 2019 (Exact Date Unknown) (CGTN - No access Chinese mainland)
2. Various of wine barrels, bottles of wine
3. Information on small blackboard

FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
4. Various of U.S. Capitol building, U.S. national flag

FILE: Los Angeles, USA - Feb 22, 2017 (CGTN - No access Chinese mainland)
5. Various of logo of Google

FILE: Date and Location Unknown (CGTN - No access Chinese mainland)
6. Various of Facebook page

FILE: USA - Date Unknown (CGTN - No access Chinese mainland)
7. Various of user browsing Facebook page on computer

FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland)
8. Various of Amazon's off-line bookstore, customers


The U.S. proposed to slap additional tariffs of up to 100 percent on some 2.4 billion U.S. dollars' worth of French products, after concluding that France's digital services tax (DST) harms U.S. companies.

The U.S. initiated its Section 301 investigation into France's planned tax on digital services on July 10, accusing the French government of "unfairly targeting the tax at certain U.S.-based technology companies."

In a statement released Monday afternoon, the Office of U.S. Trade Representative (USTR) said it has completed the first segment of the investigation and concluded that France's DST discriminates against U.S. companies, such as Google, Apple, Facebook, and Amazon.

The USTR is issuing a Federal Register notice explaining the issue, soliciting comments from the public on the proposed action, which includes additional duties of up to 100 percent on certain French products, including Champagne, cheese and handbags.

The USTR is also exploring whether to open Section 301 investigations into the digital services taxes of Austria, Italy, and Turkey.

The DST imposes a three-percent tax on total annual revenues generated by some companies from providing certain digital services to, or aimed at, French users.

The tax applies only to companies with total annual revenues from the covered services of at least 750 million euros (around 830.36 million U.S. dollars) globally and 25 million euros (around 27.68 million U.S. dollars) in France.

ID : 8128901

Published : 2019-12-03 16:36

Last Modified : 2019-12-03 19:02:51

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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