U.S., France Reach Compromise on French Tax on Internet Companies

Officials from France and the United States have reached a compromise on a new French tax on services provided by large internet companies, potentially defusing the threat of a trade conflict between the two countries. Under the terms of the agreement, France would repay companies the difference between its digital tax and whatever taxes come from a planned mechanism being drawn up by the Organization for Economic Cooperation and Development (OECD), a spokesperson for France's Finance Ministry said.

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