US, France to Lead Talks on a Global Digital Tax

French Finance Minister Bruno Le Maire, left, attends a joint press conference with OECD chief Angel Gurria to plan for international taxes on digital giants like Amazon and Google at Bercy Economy ministry in Paris, Thursday, Aug. 29, 2019. France recently introduced a 3% tax on the companies' French revenues, prompting U.S. President Donald Trump to threaten tariffs on French wine in response. (AP Photo/Francois Mori)

PARIS (AP) — France and the United States are taking leading roles in talks aimed at reaching a deal on a global digital tax by mid-2020.

French Finance Minister Bruno Le Maire said Thursday that both countries will be working in a task force with the Paris-based Organization for Economic Cooperation and Development.

Le Maire will meet with U.S. Treasury Secretary Steven Mnuchin next week in Washington.

Angel Gurria, OECD secretary general, said that about 130 countries are involved in the process.

France and the U.S. announced an agreement this week over a French tax on online giants like Google. France would reimburse companies any excess taxes once an international deal is in place.

The French tax had prompted threats from U.S. President Donald Trump about heavy tariffs on French wine.


Source: AP

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