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U S , EU agree tariff freeze in aircraft dispute, eye China
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EU and US agree tariff suspension, eye China
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Biden administration drops Trump s objections to a global digital tax
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By Reuters Staff
1 Min Read
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a news conference on the country s COVID-19 situation at the French Health Ministry in Paris, France November 12, 2020. Ludovic Marin/Pool via REUTERS
PARIS (Reuters) - An agreement on the overhaul of cross-boarder corporate tax rules is within reach by a summer deadline now that Washington has dropped a proposal that could let U.S companies opt out of the future deal, French Finance Minister Bruno Le Maire said on Friday after a meeting with G20 counterparts.
U.S. Treasury Secretary Janet Yellen on Friday told the G20 meeting that Washington was dropping the former Trump administration’s demand for a “safe harbor” clause in talks to reform global taxation rules, which other countries said would make a deal impossible.
France says global tax deal in reach after U S move
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