French President Emmanuel Macron told the G7 summit that a deal has been reached for companies liable for the country’s new tax on digital sales, while work at the OECD continues to find an international consensus on new tax rules.

France will commit to pay a rebate if the amount due based on future rules is less than what companies will have already paid under the country’s current three per cent digital tax rate.

France had faced intense pressure from the US administration, which has since ordered an investigation to assess whether the digital tax unfairly targets US companies.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: Articles, Policy