The global digital corporate tax dispute between the United States (US) and France seems to be melting. France, which plans to tax US-based companies, Google, Facebook and Amazon, finally resigned.
Quoted from Reuters, the two countries have reached an agreement to end the dispute over the digital company tax. Under the agreement, France will pay the difference between digital taxes to digital companies and the types of tax mechanisms currently being made by organizations for cooperation and economic development (OECD).
“We have done a lot of work on a bilateral basis, we have an agreement to overcome difficulties between us,” … Read More