France reaches deal with US to push ahead with OECD digital tax talks

French Finance Minister Bruno Le Maire said on Thursday that France had reached an agreement with the United States on the basis for future talks over a global digital tax, at the OECD-level.

"We had long talks this morning with the U.S. Treasury Secretary and the OECD Secretary General, and I am happy to announce to you that we have found an agreement between France and the United States, providing the basis for work on digital taxation at the OECD," Le Maire said at the World Economic Forum in the Swiss resort of Davos.

"It's good news, because it reduces the risk of American sanctions and opens up the prospect of an international solution on digital taxation," he added.