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Source: France Offers to Suspend Digital Tax in Dispute With US


FILE - The logo of the Bercy Finance Ministry is seen at the main entrance of the ministry in Paris, Oct. 28, 2019.
FILE - The logo of the Bercy Finance Ministry is seen at the main entrance of the ministry in Paris, Oct. 28, 2019.

France has offered to suspend down payments on a digital services tax on big internet companies due in April as part of an effort to resolve a dispute with Washington over the levy, a French Finance Ministry source said on Tuesday.

Washington has threatened to hit some goods with tariffs over France's digital services tax, which it considers to unfairly discriminate U.S internet groups.

"What we're proposing is to give ourselves time and to show our goodwill, to postpone the remaining payments to December," the source told Reuters.

The aim is to give time for broader negotiations to take place in the meantime at the Organization for Economic Cooperation and Development to rewrite international tax rules, the source said.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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