Money French Davos Castigates U.S. Web Giants for Not Playing Fair

19:00  08 july  2018
19:00  08 july  2018 Source:   msn.com

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The complaints by the French and Japanese leaders play into Russia’ s long-term effort to drive wedges between the United States and its traditional allies. This year, Mr. Huntsman, Mr. Trump’ s ambassador, turned up only to have his boss castigated on stage by the world leaders.

DAVOS , Switzerland (Reuters) - U . S . President Donald Trump took his “America First” message to the Only by insisting on fair and reciprocal trade can we create a system that works not just for the Andrei Guryev, chief executive of Russian fertiliser giant Phosagro, said Trump had spoken “how big

Pedestrians are reflected in a window looking into a lobby of the Google Inc. offices in New York. © Photographer: Michael Nagle/Bloomberg google

(Bloomberg) -- What was meant to be an opportunity to mingle in the sun in a southern French city turned partially into a public denunciation of tax practices of U.S. web giants.

Aix-en-Provence is host to an annual weekend gathering of politicians and chief executives that is sometimes described as a more relaxed (and warmer) version of Davos. Decision-makers can network between talks at a local university and cocktail receptions at a hotel particulier-turned art museum before heading to a night at the opera.

This year, the U.S. internet giants didn’t have an easy ride. In at least two public sessions on Saturday, companies such as Alphabet Inc.’s Google, Amazon.com Inc. and Netflix Inc. have borne the brunt of discontent by telecoms operator and the public alike.

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Even French President Emmanuel Macron, who was said to play a key role in convincing Fresh Off a Government Shutdown, Trump Heads to Davos to Brag About His AccomplishmentsVanity Fair . “I Was Devastated”: The Man Who Created the World Wide Web Has Some RegretsVanity Fair .

Would French Internet Tax Sap Profits? Some would say the anger at the U . S . Web giants is misdirected, as they are merely taking advantage "It's not a crusade against Americans," Pellerin told The New York Times earlier this month. "We are just trying to put everyone on a level playing field."

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Alain Weill, chief executive officer at Altice Europe NV -- owner of France telecom company SFR -- said although Google and Netflix benefit from the domestic network infrastructure, they aren’t required to contribute by making investments while at the same time they urge local operators like SFR to improve it.

Part of the problem rests with the legal framework, Weill said, urging lawmakers and regulators to level the playing field. “Rules for pure players like Netflix should be the same as the rules for more traditional companies,” he said. He gave the example of Google being allowed to do targeted ads while TV networks in France cannot.

EU sends controversial internet copyright reforms back to the drawing board

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French President Emmanuel Macron called on fellow heads of state to agree to concrete actions on climate change, and “Smirking” Davos Elites Find a Silver Lining in President TrumpVanity Fair . “I Was Devastated”: The Man Who Created the World Wide Web Has Some RegretsVanity Fair .

The move comes in the wake of the U . S . announcing solidarity with the U.K. on the Skripal poisoning.

“That’s what lawmakers should be working on,” he said. “Otherwise we are victims of discrimination.”

His view was echoed by Xavier Bertrand, leader of a province in northern France, who described the current state of play as unfair competition.

Sebastien Missoffe, the managing director of Google France, said that the search giant had paid an average corporate tax rate of 26 percent annually in the past decade. “We cannot suggest that Google doesn’t pay taxes,” in France, he said. The audience’s reaction: boos.

There has been public outrage in France in recent years for what many consider to be low levels of taxes paid by businesses that generate hundreds of millions in revenues.

To contact the reporter on this story: Angelina Rascouet in London at arascouet1@bloomberg.net

To contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Steve Geimann, Amy Teibel

©2018 Bloomberg L.P.

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Source: http://uk.pressfrom.com/news/money/-268258-french-davos-castigates-u-s-web-giants-for-not-playing-fair/

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