GAFA tax: Companies have received their tax notice

"Companies subject to this tax have received a tax notice for the payment of the 2020 installments," said Bruno Lemaire. Not to mention the possible wrath of the American authorities, the GAFA have already taken the lead. Here's how.   The negotiations on the digital tax at the OECD have come to naught. “We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the digital giants next December, "explained Bruno Le Maire, the French Minister of the Economy, in mid-October. "Companies subject to this tax have received a tax notice for the payment of the 2020 installments," the Ministry of the Economy said today. Facebook and Amazon "are among the companies" which have been notified "in recent days", assures for its part the Financial Times. So after firing the first ones, what should the French authorities expect from now on? Has

Oil surges amid fears over coronavirus and China

Despite a widespread coronavirus pandemic, mixed inventory figures and tensions between China and the United States, the price of oil has risen sharply this week.
 
Oil surges amid fears over coronavirus and China

Oil prices are gaining ground, with a barrel of Brent advancing nearly 4% since Monday. The two benchmark prices have been moving for several sessions at levels more seen since early March, just before the fall triggered by a short but intense price war between Russia and Saudi Arabia, and the worsening of the Covid pandemic. 19 in Europe. They appreciate Thursday despite "the context of growing tensions between the United States and China and persistent concerns about Covid-19," said Eugen Weinberg, analyst at Commerzbank.

Sino-US tensions reached a new level on Wednesday, when Washington ordered Beijing to close its consulate in Houston. The Chinese authorities immediately threatened "retaliation". But "geopolitical concerns are put aside," said Jeffrey Halley of Oanda. "The energy markets feel that a new trade war between the United States and China, derailing the global (economic) recovery, is unlikely," he added.




"Even the US Energy Information Agency's inventory status report released on Wednesday" was unable to influence prices, "Weinberg added.

According to him, US crude reserves rose 4.5 million barrels (MB) last week to stand at 536.6 MB, where analysts had expected a decline of 2.2 MB.

Gasoline stocks, on the other hand, fell by 1.8 MB, a figure close to market expectations and a little more reassuring for investors on the state of dynamism of demand.