France Signals Progress in U.S. Talks on Global and Digital Tax

April 7, 2021, 10:38 AM

France signaled a sharp acceleration in international talks with the U.S. to overhaul global corporate tax rules and resolve the thorny issue of how to levy the profits of tech companies like Facebook Inc. and Alphabet Inc.’s Google.

Finance Minister Bruno Le Maire said on Wednesday his country is open to agreeing to raise its suggested minimum tax from 12.5% after U.S. Treasury Secretary Janet Yellen outlined plans for a 21% levy. He also said France is weighing long-awaited proposals from the U.S. on how to tax the profits of tech giants.

Both elements are key to negotiations among nearly ...

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