World News

Momentum exists for solution on global tax reforms in 2020: French minister

RIYADH (Reuters) – There is momentum for finding a solution on international tax reforms by the end of 2020, French economy and finance minister Bruno Le Maire said in Riyadh on Saturday.

Outdated cross-border tax rules are set to be rewritten after 137 states sought to avoid a trade war over the global multiplication of taxes on digital services.

(Reporting by Andrea Shalal and Stephen Kalin; Writing by Saeed Azhar; Editing by Pravin Char)