France Backs U.S. Digital Tax Model, Urges Trade Probe End (1)

French Finance Minister Bruno Le Maire said the U.S. should drop its trade investigation into France’s new 3% digital tax because his country is now supporting the U.S.'s preferred model for taxing tech companies.

France has “made a very clear step in the direction of our American friends by accepting to negotiate a new global taxation on digital activities not only on digital companies but the digital activities of other companies,” Le Maire told reporters July 17 at the G-7 finance ministers’ meeting in Chantilly, outside Paris.

The U.S. launched a trade investigation into France’s digital tax July 10, ...