France says US blocking global digital tax talks

France accused the United States on Wednesday of seeking to undermine international talks to update cross-border taxation for the digital age and urged Europe to prepare an EU tax if the negotiations fail.

Nearly 140 countries are negotiating the first major rewrite of international tax rules in a generation to account for the rise of big digital companies like Google and Amazon.With a blueprint for a deal due from the Organisation for Economic Cooperation and Development next month, the aim of reaching an agreement by a year-end deadline is looking increasingly challenging.

"It's very clear, the United States don't want a digital tax at the OECD. So they are making obstacles that prevent us from reaching an agreement even though the technical work is done," French Finance Minister Bruno Le Maire told journalists. Undaunted, Le Maire renewed a call for EU countries to go ahead with a bloc-wide tax if there's no international agreement.

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