French, US officials strike draft compromise on French digital tax

French and U.S. negotiators have reached a compromise agreement on France’s digital tax, a levy which prompted U.S. President Donald Trump to threaten a separate tax on French wine imports, a source close to the negotiations said. The compromise struck between French Finance Minister Bruno Le Maire, U.S. Treasury Secretary Steven Mnuchin and Donald Trump’s White House economic adviser Larry Kudlow envisages that France would repay to companies the difference between a French tax and a planned mechanism being drawn up by the OECD .

source https://finance.yahoo.com/news/french-us-officials-strike-draft-080108394.html?.tsrc=rss

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