Washington D.C. – National Foreign Trade Council (NFTC) Vice President for Global Trade and Innovation Jake Colvin today issued the following statement following the announcement by the Office of the United States Trade Representative (USTR) that it would initiate an investigation into the French Government’s digital tax policies:
“NFTC strongly supports today’s move by USTR to investigate France’s unilateral digital tax policy, which amounts to a discriminatory tariff on American technology companies and threatens transatlantic trade ties.
“France’s new digital services tax disproportionately affects innovative American companies while carving out French competitors. The design of this new tax suggests it was tailored specifically to impose a financial burden on successful U.S. companies.
“In light of today’s announcement, we urge the French Government to reconsider its unilateral tax and focus instead on achieving a multilateral consensus to reform global tax rules for the digital age that is underway at the Organization for Economic Cooperation and Development (OECD).”
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 its member companies through its office in Washington D.C.
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