Top
image credit: The White House / Flickr

Trump says US is close to a compromise with France on digital tax

August 26, 2019

Category:

U.S. President Donald Trump said on Monday that the United States is close to reaching a compromise over France’s digital tax.

Trump’s comments came as he spoke to reporters at the G-7 summit in Biarritz, France, alongside German Chancellor Angela Merkel.

Merkel, meanwhile, said OECD (Organisation for Economic Co-operation and Development) nations wanted a solution to digital taxation by 2020.

France passed a 3% tax in July that targets around 30 big tech companies including Facebook, Amazon and Google.

Read More on CNBC