The time has come for appeasement. France and the United States have agreed on a refund mechanism to ease tensions over the French 'GAFA tax', French President Emmanuel Macron announced on Monday 26 August.
A draft agreement was negotiated discreetly alongside the G7 Biarritz Summit on Saturday 24 and Sunday 25 August between French Finance Minister Bruno Le Maire and US Treasury Secretary Steven Mnuchin, before being submitted on Monday to their respective Heads of State.
Adopted before the...