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U.S., France Reach Digital Tax Deal During G7 Summit

President Trump and French President Macron confirmed on Monday they reached an agreement on digital taxes during the annual G7 summit in Biarritz.

French and U.S. officials have reached a compromise on a controversial French digital taxOpens a New Window.  at the G-7 summit in Biarritz, France, a senior Trump administration official confirmed to FOX News.

French Finance Minister Bruno Le Maire, U.S. Treasury Secretary Steven Mnuchin, and White House economic adviser Larry Kudlow negotiated the détente, with France refunding U.S. companies the difference between the tax and a planned mechanism being drawn up by the Organization for Economic Co-operation and Development (OECD). FOX News’ John Roberts confirmed the news regarding agreement.

Continue reading the full article at Fox Business.

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