During the meetings Wednesday and Thursday in Chantilly, ministers are set to discuss making taxation fairer as part of wider plans by G7 leaders to address rising inequality when they gather next month in the southern French city of Biarritz.
France became the first major economy to impose such a tax when legislators gave their final approval while Britain unveiled legislation. Even before the final vote by French lawmakers, the US announced it was opening a so-called Section 301 investigation into the measure.Washington and Beijing have lashed out at each other with punitive tariffs on about $360 billion in goods in a trade dispute that has roiled global financial markets and undermined business confidence.
“It won’t be possible to set a rate at this meeting,” said the official. “It’s premature. We need to get agreement on the principle first.”
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