France, U.S. agree to call truce on digital taxation dispute
Updated: 2020-01-23 13:46:23 KST
The U.S. and France have called a truce in their dispute over a proposed digital tax.
French Finance Minister Bruno Le Maire said Wednesday that he agreed with U.S. Treasury Secretary Steven Mnuchin in Davos that France will not tax American IT companies this year.
In response, Mnuchin agreed to drop plans for new tariffs on France..
However, the French minister added that they did not agree on how they're going to rewrite the decades-old cross-border tax rules.