U.S.-France Trade Fight Is The Latest Front In Digital Tax Debate

The video discusses the global challenge of taxing big tech companies, focusing on the US-French tensions over the GAFA tax, which targets Google, Amazon, Facebook, and Apple. France's digital tax aims to tax digital services revenue, leading to US threats of tariffs on French imports. Other countries like Italy, Austria, and Turkey are also considering similar taxes. The OECD is working on a global standard for digital taxes, with industry groups warning that unilateral taxes could disrupt these efforts. France has pledged to adjust its tax once OECD proposals are finalized, but tensions remain high.

What is the primary reason for the US threatening tariffs on French imports?

• To strengthen diplomatic relations with France

• To increase revenue from imported goods

• In retaliation for France's digital tax

• To support local American businesses

Which countries, besides France, are considering digital taxes on tech companies?

• Germany, Spain, and Portugal

• Italy, Austria, and Turkey

• Japan, South Korea, and China

• Canada, Mexico, and Brazil

What is the main goal of the OECD regarding digital taxes?

• To eliminate all digital taxes worldwide

• To increase taxes on non-digital services

• To support individual countries in setting their own tax rates

• To create a unified global standard for digital taxation

What is France's position on its digital tax if the OECD proposals are implemented?

• France will maintain its digital tax regardless

• France will increase the tax rate

• France will retract its digital tax

• France will apply the tax to more companies

What is a potential consequence of countries adopting unilateral digital taxes?

• It will strengthen international economic cooperation

• It will result in higher taxes for all companies

• It might interfere with OECD's global tax proposals

• It could lead to a decrease in global trade