digital tax

    • EU countries urge for “phased approach” to global digital tax talks

      EU countries urge for “phased approach” to global digital tax talks

      Britain, France, Italy and Spain suggested a “phased approach” to global digital taxation talks in a joint letter to the US treasury secretary last week, which they said could open the way for a deal this year. The four countries sent the letter, seen by Reuters, to Secretary Steven Mnuchin after he called for a pause in negotiations to update cross-border tax rules for the first time in a generation.

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    • G20 leaders call on unity in taxing tech giants

      G20 leaders call on unity in taxing tech giants

      Finance ministers and central bank governors from G20 nations are gathering in the Saudi capital Riyadh Saturday for a two-day meeting, aimed at discussing the global economy and the risks from the coronavirus epidemic. Aside from an action plan to shield the world economy from the impact of the outbreak, financial leaders from the world's top 20 economies are also expected to discuss ways to achieve a fairer global taxation system for the digital era.

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    • France, US agree to give the digital tax talks a chance

      France, US agree to give the digital tax talks a chance

      Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington's threat of sanctions against Paris, AFP reported, citing French officials on Tuesday. A French diplomatic source said the French and US leaders, who spoke by telephone on Sunday, agreed to give negotiations a chance to "find a solution in an international framework" and avoid "a trade war that will benefit no one". On 7 January Paris and Washington had given themselves 15 days to reach a deal to avert the US threat of duties on up to $2.4bn of French goods.

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    • Spain to introduce a digital tax

      Spain to introduce a digital tax

      Spain will press ahead with the creation of a tax on certain digital services, following in the footsteps of France, Italy, and the UK, El Pais announced Thursday. This so-called “Google tax” could, however, raise the ire of the United States, which has already threatened France with sanctions over a similar levy.

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    • France vows retaliation over US sanctions threat

      France vows retaliation over US sanctions threat

      France warned the United States of strong EU retaliation if it imposed tariffs on key French products ranging from sparkling wine to cheese to handbags, in an intensifying row over taxing digital giants that risks spiralling into a new trade war, coming just hours before Trump is due to meet his French counterpart Emmanuel Macron on the sidelines of the NATO summit in London.

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    • Italy to introduce tax on digital companies from 2020

      Italy to introduce tax on digital companies from 2020

      Italy approved a new tax on digital companies as part of its 2020 draft budget on Wednesday, and plans to introduce the new measure from next year. The levy will oblige web-based giants to pay a 3% levy on internet transactions, according to the text of the draft budget. The scheme is expected to yield around €600 million each year, as Italy scrambles to find alternative revenues that will allow it to avoid a scheduled increase in sales tax.

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    • EU will retaliate if US imposes tariffs on French wines, Tusk says

      EU will retaliate if US imposes tariffs on French wines, Tusk says

      The European Union will “respond in kind” if the US imposes tariffs on France over digital tax, Donald Tusk, president of the European Council said on Saturday. “If US President Donald Trump uses tariffs for political reasons, it could be dangerous for the whole world, including the EU”, Tusk told reporters during a press conference prior to the G7 summit in Biarritz. “France can count on our EU solidarity”, he stated.

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