France and the US end standoff over proposed French digital tax says Macron at G7 Summit

Macron told reporters that companies that pay the tax would be able to deduct the amount once a new international deal on how to tax internet companies is found next year


France and the United States have reached a deal to end a standoff over a French tax on big internet companies, French President Emmanuel Macron said on Monday.

US President Donald Trump had threatened to hit back with tariff action after France passed a law earlier this year that would impose a 3 percent tax on revenues earned on digital services in France.

France and the US end standoff over proposed French digital tax says Macron at G7 Summit

File image of French President Emmanuel Macron. Reuters

Macron told reporters that companies that pay the tax would be able to deduct the amount once a new international deal on how to tax internet companies is found next year.

“We’ve done a lot of work on the bilateral basis, we have a deal to overcome the difficulties between us,” Macron told reporters, speaking alongside US President Donald Trump at the end of a G7 summit in southwestern France.

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