France Shouldn't Act Unilaterally on Tech Tax, NFTC's Yerxa Says

The transcript discusses the new French digital sales tax, which targets companies based on gross revenues rather than income, primarily affecting large American digital companies. This tax is seen as a threat to international tax stability and is considered arbitrary. The US may respond using Section 301, which allows for trade restrictions against unreasonable foreign policies. The OECD process is suggested as a better approach for handling digital economy taxation. Concerns are raised about the potential for tax regime fragmentation in Europe, with hopes for a multilateral solution.

What multilateral process is suggested as a better alternative for addressing digital economy taxation?

What concerns does the European Union have regarding the unilateral approach to taxation by France?