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

19:00  08 july  2018
19:00  08 july  2018 Source:

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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, 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.

West Ham linked with fresh swoop for Gregoire Defrel

  West Ham linked with fresh swoop for Gregoire Defrel West Ham and Watford have joined the race to sign Gregoire Defrel from Roma this summer, according to reports in Italy. The Hammers were linked with a move for the French striker last summer by the Italian media but following a lucrative offer from Roma, Defrel opted to join the Serie A giants from Sassuolo. However, things have not gone to plan for Defrel under Eusebio Di Francesco and he is now being linked with a move away from Roma already. Sampdoria were thought to be leading the race to sign Defrel this summer but according to new claims from Corriere dello Sport, as cited in a report from Calciomercato, West Ham and Watford have expressed an interest in landing the player. Manuel Pellegrini could be looking to strengthen his attacking options this summer, especially following the news that Andy Carroll will miss at least three months action due to an ankle problem. Defrel, though, is also being courted by Genoa, and West Ham will be faced with plenty of competition if they are to pursue a deal for the attacker.

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

To contact the editors responsible for this story: Rebecca Penty at, Steve Geimann, Amy Teibel

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Everton star closing in on loan switch away from the club .
Yannick Bolasie appears to be closing in on a season-long loan move away from Everton this summer. The DR Congo international has been heavily linked with an exit from Goodison Park and according to claims from the Turkish media, a deal is close to being completed as he heads to Fenerbahce. Bolasie has long been linked with the Super Lig giants, with earlier reports suggesting that Fenerbahce were willing to pay a loan fee of £1.3 million to convince Everton to temporarily part ways with the winger. The 29-year-old, who Everton signed for a fee believed to be in excess of £25 million from Crystal Palace in 2016, has struggled with injuries in recent times and it seems Marco Silva deems him surplus to requirements for the season ahead. Fanatik’s report indicates that Bolasie, along with Swansea City star Andre Ayew, is close to joining Fenerbahce, with the agreement of personal terms set to be little more than a formality.

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