Transfer Pricing Report

After France Truce, U.S. Faces New Tech-Tax Threat in Europe (1)

Jan. 24, 2020, 2:28 PM

Having just persuaded France to hold off on a digital tax that would hurt its biggest technology firms, the U.S. is facing a similar threat from another part of Europe.

The Czech Republic is debating plans to impose one of the world’s highest levies on global internet companies -- albeit as a stop-gap measure -- brushing aside possible U.S. retaliation.

The initiative comes as transatlantic trade tensions once again bubble over. Shortly after agreeing on the truce with France, President Donald Trump’s tone changed as he complained that Europeans are “more difficult to do business with than China.”


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