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NFTC Statement on French Digital Services Tax

Washington D.C. – National Foreign Trade Council (NFTC) President Rufus Yerxa today issued a statement following a proposal by the Minister of Economy and Finance of France to impose a digital services tax (DST) on French-source revenue of global technology firms.

"This French DST proposal will result in discriminatory treatment of U.S.-based digital companies and double taxation on their income, and that's contrary to our bilateral tax treaty. The French government would be well advised to delay unilateral enactment of such a clear form of discrimination. It will create a major new irritant in a bilateral trade and investment relationship that has heretofore delivered huge mutual benefits. Instead, France, should continue working with our Treasury officials through a multilateral approach that establishes a fair tax structure for both U.S. and French companies in our two markets."

Earlier this week, 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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