France Rejects Mnuchin’s Bid for ‘Safe Harbor’ Opt-outs for U.S. Firms Amid Global Tax Reform Push

France Rejects Mnuchin’s Bid for ‘Safe Harbor’ Opt-outs for U.S. Firms Amid Global Tax Reform Push
French Finance Minister Bruno Le Maire attends a news conference in Boulogne-Billancourt, near Paris, France, on Nov. 7, 2019. Reuters/Gonzalo Fuentes
Tom Ozimek
Updated:

French Finance Minister Bruno Le Maire said Friday that France is opposed to a U.S. proposal this week that would let companies opt out of proposed amendments to the international tax system.

Treasury Secretary Steven Mnuchin has suggested that the first set of global tax reforms, put forward by the Organization for Economic Cooperation and Development (OECD) and known as “Pillar One” (pdf), would operate as a “safe harbor regime.”
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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