US rejects French proposal on taxing tech companies US rejects French proposal on taxing tech companies
Washington - Egypt Today
The United States does not support a French proposal to tax the gross revenues of international tech corporations like Google and Amazon, Treasury Secretary Steven Mnuchin said Saturday.
"I think the concept of a gross revenue tax does not make sense and I don't think that's the right direction," Mnuchin told reporters on the sidelines of the annual meetings of the World Bank and International Monetary Fund.
"But we look forward to this discussion on international tax issues."
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