Mnuchin, Le Maire Seek Tax Compromise to Ease Trade Tensions (1)

France and the U.S. will seek a compromise on the taxation of digital services over the next two weeks in a effort to avoid an escalation in the transatlantic trade dispute.

“I had a long discussion with U.S. Treasury Secretary Steven Mnuchin yesterday,” French Finance Minister Bruno Le Maire told reporters in Paris on Tuesday. “We agreed to redouble our efforts in the coming days to try to find a compromise on digital taxation in the framework” of the Organization for Economic Cooperation and Development, he said, adding that they had given themselves 15 days to strike a deal.

Why ...