Finance ministers of the Group of Seven nations have "agreed in principle" to tax digital tech giants such as Google and Facebook on their offshore income.<br />At a meeting outside Paris on Thursday, the finance chiefs reached consensus on "a minimum level of effective taxation" the tech giants should stump up.<br />However, an actual rate of taxation wasn't decided.<br />France hailed the consensus, but the U.S. stressed that more work needs to be done.<br />Earlier this month, France's parliament passed a law to tax tech giants for income earned in a country other than their home country.<br />The U.S. reacted by complaining the law discriminates against U.S.-based firms, such as Amazon and Apple.<br />
