Britain and France approach a taxation entente cordiale
The two nations have similar ideas about how best to tax digital businesses - but the tax burden mightn’t fall where they think
The British and French governments are not known for always seeing eye-to-eye on matters of policy. Yet developments last week suggest that they chime on one issue at least – how to extract more money out of those troublesome online businesses.
Technological advances are rightly hailed, but from the perspective of governments, such advances can also dilute tax revenues. Tax rules devised when businesses made money primarily from digging stuff out of the ground and making...
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