France Won’t Retreat Over Digital Tax, Junior Minister Says

(Bloomberg) --

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.

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.”

To contact the reporter on this story: James Regan in Paris at jregan65@bloomberg.net

To contact the editors responsible for this story: Geraldine Amiel at gamiel@bloomberg.net, Fergal O'Brien

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