Trump Says 'Not Happy' That EU Imposes Digital Tax On US Companies
Faizan Hashmi Published October 17, 2019 | 12:10 AM
WASHINGTON (UrduPoint News / Sputnik - 17th October, 2019) US President Donald Trump said on Wednesday that he is dissatisfied that the European Union has imposed a digital tax on US companies.
"I am not happy with the digital tax when the European Union is taxing our companies," Trump said during the joint press conference with Italian President Sergio Mattarella at the White House.
Earlier on Wednesday, Italy approved the new tax on as part of its 2020 draft budget.
The measure requires that tech giants - including Google, Facebook and Amazon - pay a 3 percent duty on internet transactions.
France introduced the similar tax earlier this year, but after engaging in negotiations with the United States it agreed to repay companies the difference between its tax and a planned mechanism proposed by the OECD.
Trump reminded that he discussed this issue with Paris, and the United States imposed tariffs on French wine in response.
"I am not a fan of those companies, they were against me," Trump said. "But these are American companies and if anybody going to tax [them], it should be the USA."
Mattarella said the he did not talk with Trump about the digital tax, adding "this is an open issue."
The Trump administration has repeatedly said the digital tax is unfair to US companies.
Related Topics
Recent Stories
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
More Stories From Business
-
Afghan trade delegation, FPCCI discuss bilateral trade
9 hours ago -
With knowledge economy, Mauritius is a stable economy: Envoy
9 hours ago -
Aurangzeb reiterates govt's resole to reduce poverty, promote sustainable development
10 hours ago -
Finance minister meets Chairman Anjuman-e-Tajran; discuss issues of business community
10 hours ago -
Govt ensuring digital access as fundamental right: Ahsan Iqbal
11 hours ago -
WHO delegation calls on Chairman FBR
11 hours ago
-
Bill drafted to regulate veterinary sciences and animal welfare: Tanveer
11 hours ago -
General Motors lifts 2024 profit forecast after strong Q1
12 hours ago -
Pakistan aims to reach $3 trillion economy by 2047: Ahsan Iqbal
12 hours ago -
Digital technologies play significant role in economic growth: Shaza
13 hours ago -
Experts raise concerns over introduction of 10-stick packs
13 hours ago -
SACM directs making technical institutes as skill imparting centres
14 hours ago