UK and Europe renew calls for global digital tax as US quits talks

The Guardian logo

Britain and other European countries are continuing to push for a global digital tax on technology companies such as Google, Facebook and Amazon, despite the US pulling out of the negotiations this week.

The prospect of a digital services tax, which the UK hopes could bring in up to £400m annually for the exchequer, has been viewed as unfair by Washington, which has threatened retaliatory tariffs on products from British car exports to French champagne and cheese.

To continue reading this report in The Guardian, see:
https://www.theguardian.com/media/2020/jun/18/uk-europe-global-digital-tax-us-quits-talks-tech

Also see:

Shunning international tax talks could trigger trade war – OECD
Failure to work towards an international deal on taxing big digital companies could trigger a dangerous trade war, the OECD said on Thursday, urging countries to remain engaged in talks after Washington announced it was pulling out of them for now.
https://in.reuters.com/article/usa-trade-digital-oecd/shunning-international-tax-talks-could-trigger-trade-war-oecd-idINKBN23P2AN

European countries slam US withdrawal from tech tax talks
European countries are slamming the Trump administration’s withdrawal from negotiations over a major tax on big tech companies.

French Finance Minister Bruno Le Maire, speaking on France Inter, called it a “provocation” and said France will still implement the tax regardless of the U.S. change of heart.
https://apnews.com/89bb1a4c17553c5b73ab9762c1b4906c

Europe threatens digital taxes without global deal, after U.S. quits talks
The European Union said on Thursday it could impose taxes on digital giants such as Google, Amazon and Facebook even without a global agreement by the year-end, after Washington quit talks and stoked fears of a new trade war.

Germany wants to rescue talks with U.S. on digital services tax
Germany wants to rescue talks with the United States on how to tax big digital firms such as Google , Amazon and Facebook , the finance ministry said on Thursday after Washington pulled out of the negotiations.
https://uk.reuters.com/article/us-usa-trade-digital-france-germany/germany-wants-to-rescue-talks-with-u-s-on-digital-services-tax-idUKKBN23P2DQ

Leave a Reply

Your email address will not be published. Required fields are marked *