FRANCE, US AIM TO RESOLVE DIGITAL TAX SPAT IN 2 WEEKS

PARIS: France and the United States have given themselves two weeks to try to resolve a row over a French digital tax, French Finance Minister Bruno Le Maire said yesterday, emphasising that Paris has the European Union’s backing on the issue. “I had a long talk with US Treasury Secretary Steven Mnuchin. We have decided to step up efforts to try and find a compromise, within the OECD (Organisation for Economic Cooperation and Development), on digital tax,“Le Maire told reporters after a meeting in Paris with EU Trade Commissioner Phil Hogan. “We gave each other precisely 15 days, until our next meeting, which is planned on the sidelines of Davos at the end of January,“the minister said, referring to the World Economic Forum. – Reuters