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NFTC Applauds House Letter on French DST Proposal

Washington D.C.- National Foreign Trade Council (NFTC) President Rufus Yerxa today issued the following statement regarding a Congressional letter sent to the President yesterday expressing concern over France's proposed digital services tax.

"The NFTC applauds the letter signed by 16 members of the House urging the President to address France's proposed digital services tax. This proposal is discriminatory against U.S. companies who deserve equal treatment in European markets. The NFTC will continue to push for European countries to work through the multilateral system to ensure a fair tax structure for American and French companies."

The full text of the letter can be found here

Last month the NFTC submitted comments to the OECD on the Public Consultation Document: "Addressing the Tax Challenge of the Digitalisation of the Economy." To read the comments, click here.

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About the NFTC
Serving America's Global Businesses Since 1914- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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