'Having demanded an international solution from the OECD, it (Washington) now isn't sure it wants one,' Le Maire said. — AFP
French Finance Minister Bruno Le Maire said that US officials no longer wanted a global deal on taxing multinational technology giants, and that Washington might be preparing penalities over a digital tax implemented by France this year.
The OECD is overseeing negotiations among 134 countries to forge a system to make firms pay taxes in the countries they operate, amid growing public anger over tax-avoidance techniques allowed under current laws.
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