Taxes

Macron and Trump call ceasefire on digital taxes and wine tariffs

Trump and Macron on Dec. 3.
Macron and Trump on Dec. 3, 2019. Photo: Ludovic Marin/POOL/AFP via Getty Images

French President Emmanuel Macron on Tuesday tweeted that he and President Trump held a “great discussion” on a tax on digital services considered by Paris and pledged to work on "a good agreement" with Washington "to avoid tariff escalation."

Why it matters: Macron and Trump agreed to avoid increasing tariffs and continue negotiations on the digital tax during until the end of the year, CNBC reports.

French authorities can now comb social media to find tax cheats

This illustration shows the Facebook, Twitter, and Linkedin logos.
Illustration: Rebecca Zisser/Axios Visuals

French authorities have three years to test a new law allowing them to comb social media posts and find evidence of tax fraud or evasion, Bloomberg Tax reports.

Catch up quick: All personal data mined under the law must be public by the user and not password protected, per Bloomberg, and authorities cannot look for evidence that taxpayers have been warned for not filing a tax return.