France Rejects Mnuchin’s Bid for ‘Safe Harbor’ Opt-outs for U.S. Firms Amid Global Tax Reform Push - BY TOM OZIMEK December 6, 2019 Updated: December 6, 2019

"Treasury Secretary Steven Mnuchin has suggested that the first set of global tax reforms, put forward by the Organization for Economic Cooperation and Development (OECD) and known as “Pillar One” (pdf), would operate as a “safe harbor regime.”

Mnuchin’s calls for the opt-out came in a letter made public on Wednesday (pdf) in which the nation’s point man on finance raised “serious concerns” about some of the tax reform proposals put forward by the OECD, a 36-member group including the United States that has been discussing ways to arrive at a consensus on a “unified approach” to international tax rules."

https://www.theepochtimes.com/france-rejects-mnuchins-bid-for-safe-harbor-opt-outs-for-u-s-firms-amid-global-tax-reform-push_3167010.html