French Finance Minister Bruno Le Maire said he set a deadline of 15 days with US to resolve issues regarding digital tax. He said, “I had a long talk with U.S. Treasury Secretary Steven Mnuchin. We have decided to step up efforts to try and find a compromise, within the OECD, on digital tax”. He added,”We gave each other precisely 15 days, until our next meeting, which is planned on the sidelines of Davos at the end of January”.
Le Maire explained that it’s not just an issue between the US and France, as other EU nations were planning their own digital taxes. Also, any international agreement on digital taxation would immediately supersede the French tax. He noted, “this is a more general issue between the United States and Europe.”