France’s Le Maire calls on US to back global digital tax plan

Le Maire said the French tax isn’t discriminatory, because it also hits European and Asian companies. — AFP

French Finance minister Bruno Le Maire urged the US to support a global overhaul of how the digital economy is taxed.

Treasury Secretary Steven Mnuchin has said the US supports the efforts of the Organisation for Economic Co-operation and Development, but he has suggested the first part of the OECD’s plan should be optional. Le Maire said on Sunday that this proposal "won’t work".