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Le Maire, Mnuchin to Renew Digital Tax Talks on Tuesday

Jan. 14, 2020, 7:52 AM

French Finance Minister Bruno Le Maire says he will speak with U.S. Treasury Secretary Steven Mnuchin on Tuesday in a renewed effort to find a compromise on taxing digital companies and avert tit-for-tat tariffs between the U.S. and the EU.

  • “We’ve got a few days left” to find an agreement, Le Maire says on CNews television
    • Le Maire repeats that the EU would retaliate if the U.S. went ahead with tariffs on French goods because of France’s tax on digital services
    • Le Maire says France would withdraw its national tax if Washington agrees to an international solution
    • “Do we really need a trade war between the U.S., France and Europe to take the place of the trade war between the U.S. and China?” Le Maire says. “The response is clearly ‘no’”
  • French finance minister also says that strikes over pension reform in France don’t have a big cost for French economic growth and that the impact will “remain limited.”
  • NOTE: Mnuchin, Le Maire Seek Tax Compromise to Ease Trade Tensions (1)

To contact the reporter on this story:
William Horobin in Paris at whorobin@bloomberg.net

To contact the editors responsible for this story:
Fergal O’Brien at fobrien@bloomberg.net

James Regan

© 2020 Bloomberg L.P. All rights reserved. Used with permission.

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