France's Finance Minister Bruno Le Maire has described the United States pulling out of talks on reforming international corporate tax as "a provocation". US Treasury Secretary Steven Mnuchin wrote to Le Maire and his British, Spanish and Italian counterparts to announce Washington was withdrawing from the negotiations at the OECD, which aimed to overhaul the rules on taxing big multinational companies like Google and Facebook. In response, France has vowed to press ahead with its digital tax this year.
Also today, unions fear thousands of job losses at Air France, despite a €7 billion bailout from the French government.
