PARIS (Reuters) – 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 (OECD) next month, the aim of reaching an agreement by a year-end deadline is looking increasingly challenging.
Washington called for a pause in the talks earlier this year after suggesting any deal should include a voluntary opt-in mechanism for U.S. companies and raising qualms about the scope of the tax.
“It’s very clear, the …
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