02/12/19

US: Pulling Back from Digital Tax Deal, according to France.

As published on rfi.fr, Monday December 2, 2019.

French Finance Minister Bruno Le Maire said Monday that US officials no longer wanted a global deal on taxing multinational technology giants, and that Washington might be preparing penalities over a digital tax implemented by France this year.

The OECD is overseeing negotiations among 134 countries to forge a system to make firms pay taxes in the countries they operate, amid growing public anger over tax-avoidance techniques allowed under current laws.

France moved ahead with its own digital tax, drawing the ire of US President Donald Trump even though France has vowed to scrub the levy once a global accord is in place.