Talks on digital tax with U.S. remain difficult - France's Le Maire

Reuters| Paris | France

Updated: 21-01-2020 14:17 IST | Created: 21-01-2020 13:54 IST

Image Credit: Twitter (@BrunoLeMaire)

France's Finance Minister Bruno Le Maire said on Tuesday talks with the United States on the taxation of digital companies "remained difficult" despite a pledge from the two countries to avoid a trade war until at least the end of this year.

Le Maire said the truce agreed on Monday by French President Emmanuel Macron and U.S. President Donald Trump was a "very positive starting point" but now the two countries had to reach a compromise on how to tax digital activities at the global level.

He said the target remained to impose a minimum tax rate on companies which at the moment pay no levies.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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FranceEmmanuel MacronBruno Le MaireUnited StatesDonald Trump

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