France ready to hear U.S. proposal on digital tax

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French Finance and Economy Minister Bruno Le Maire speaks during the G20 finance ministers and central bank governors meeting in Riyadh, Saudi Arabia, February 22, 2020. REUTERS/Ahmed Yosri

RIYADH (Reuters) – France is ready to listen to the U.S. administration’s proposal of offering U.S. companies a “safe harbor” from a new, international digital tax, its finance minister said on Saturday, while admitting that he still didn’t know what that meant in practice.

“I’m not in a position to tell you what it (a safe harbor) really means,” Bruno Le Maire told journalists on the sidelines of a G20 summit in Saudi Arabia. “(But) it’s fair and useful to give all the attention to this new proposal.”

Reporting By Francesco Canepa

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