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Talks on tech taxes 'productive': Mnuchin

AFP  |  Washington 

The and economic partners held "productive" talks this week on the taxation of major tech giants, US has said.

Countries like France, and have announced plans to tax tech companies' revenues outright because the companies do not declare profits on a by-country basis.

The is pushing for an overarching agreement through the Organization for Economic Cooperation and Development, a forum for advanced economies.

told reporters Saturday there had been "lots of productive discussions" on the subject in where ministers were gathered for spring meetings of the and the

He said it is "a priority from our standpoint to find an OECD solution." "We will be working together to do that and a commitment from the UK and ... will go with an international solution," said.

EU told AFP on Saturday that the "atmosphere is more peaceful" in discussions on the issue.

"There is a shared desire that was clearly expressed that now we have to move forward within the OECD," he said.

OECD members are due to meet in in May, followed by a Group of 20 summit in the following month.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, April 14 2019. 06:35 IST