France urges U.S. to back OECD on tax, proposes minimum rate
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PARIS (Reuters) - France urged the United States on Tuesday to drop reservations towards an OECD reform of decades-old international tax rules and proposed setting a minimum corporate tax rate of 12.5%.The Organisation for Economic Cooperation and Development is in the middle of the biggest rewrite of international tax rules dating from the 1920s.Many governments consider the existing rules to be woefully ill-adapted for the digital age, allowing big internet giants to book revenues in low-tax..