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France Says U.S. Must Drop Tariffs Threat Over Digital Taxes (1)

Oct. 14, 2021, 6:23 PM

French Finance Minister Bruno Le Maire said the U.S. must drop trade tariffs against European countries over digital levies after all sides joined a global agreement on overhauling international taxation.

Speaking to Bloomberg Television in Washington, Le Maire said he has made a political commitment to Treasury Secretary Janet Yellen to abolish France’s levy on digital firms as soon as the new rules on sharing rights to tax profits of multinationals come into effect. The Organization for Economic Cooperation and Development, which oversaw the global negotiations, has said it aims for implementation of the deal as soon as 2023. ...