OECD is trying to forge new global agreement on taxing technology and digital giants which often declare their income in low-tax jurisdictions, depriving other countries of billions in revenue

That overhaul is expected next year at the earliest, assuming a consensus can be reached among the 127 countries taking part in the talks. Last week, France unveiled draft legislation that would set a 3.0-percent levy on digital advertising, the sale of personal data and other revenue for tech groups with more than 750 million euros (USD 844 million) in worldwide revenue.

Similar measures are under consideration in Britain, Spain, Austria and Italy as governments look to respond to voter anger over multinationals paying minimal taxes.