International talks aimed at taxing global tech giants that declare profits in only a few jurisdictions have hit a standstill due to opposition from countries including the US and India, France's finance minister said on Monday. This week's G20 meeting will attempt to get the ball rolling again.
The talks, under the auspices of the OECD, about taxing multinationals in the countries where they make their profits are intended to reduce tax avoidance, and come ahead of a meeting of the G20 group of large economies in India this week.
