There are reports now that France has postponed the new system of tax known as DST, digital services tax which had pertly been aimed at the tech giants of United States like Amazon, Google and Apple in the face of the tariffs of United States which were being imposed on make-up, cheese and wine.
The nations of Europe are not happy that the United States is only lightly taxing the profits in Europe of the United States multinationals while similarly the rules presently bar them from the stepping in for filling the gap. The unilateral imposition of France of the tax along with the threats of following suit from Turkey, Austria, United Kingdom and Italy are the symptoms of the frustrations which ahs been growing with the United States foot dragging in the negotiations during the OECD.
Shortly after the apparent retreat by France, the United Kingdom had struck a tone that was defiant with the United States on their own version of the DST which had been planned for the month of April.
It isn’t obvious why the European partners of France had been so upset with the present system, though what had been most puzzling was why the taxpayers of United States are not at a minimum level of furiex.
The international law of economics has been permeated with the pretext that the trade issues are different from the issues of income tax like how the profits derived from foreign countries have been taxed by the countries at home. These are completely different domestic law bodies on the different shelves in the library of law with a lot of different cadres and different treaties.