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France says talks on taxing global tech giants have stalled due to opposition from the US & India

  • International talks aimed at taxing global tech giants are at a standstill due to opposition from countries including the US, India, and Saudi Arabia.
  • The talks focused on taxing multinationals where they make their profits to reduce tax avoidance.
  • The chance of success is slim, and France suggests seeking a "European solution" if G20 countries cannot get an agreement on the issue.
  • The Organisation for Economic Cooperation and Development, based in Paris, has spearheaded the talks, primarily targeting digital giants.

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