(Bloomberg) --
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France must remain strong on its digital tax despite U.S. threats to impose tariffs on roughly $2.4 billion in French products, Junior Economy Minister Agnes Pannier-Runacher said Tuesday.
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She noted that the OECD has come up with a digital tax plan for countries to examine and that the U.S. had said it would try to resolve the issue through that forum.
“Now the U.S. are panicking and back-pedaling a bit and saying ‘we’re going to apply pressure’,” Pannier-Runacher told Sud Radio in an interview. “It’s very clear that we don’t have to retreat over a subject that makes sense economically and which is fiscally just.”
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