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Talks on tech tax with U.S. still difficult: France’s Le Maire – Source Reuters Tech News

FILE PHOTO: French Finance Minister Bruno Le Maire speaks during his New Year address to France’s economic actors and the press at the Bercy Finance Ministry in Paris, France, January 7, 2020. REUTERS/Charles Platiau

BRUSSELS (Reuters) – Talks between France and the United States on taxing digital companies “remained difficult”, French Finance Minister Bruno Le Maire said on Tuesday, despite a pledge by the two countries to avoid a trade war until at least the end of this year.

Le Maire said France’s target was still to impose a minimum tax rate on companies that at the moment pay no levies or too little, in line with a proposal put forward last year by the Organisation for the Economic Cooperation and Development (OECD).

As talks at international level failed to make quick progress, France decided in July to apply a 3% levy on revenue from digital services earned in France by firms with revenues of more than 25 million euros ($28 million) in France and 750 million euros…

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Source Reuters Tech News

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