Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

23 January 2020

New Europe: Several European nations will introduce a digital tax if no OECD deal is reached


France, Italy, and Spain have said they would move ahead with their national digital tax if no international deal on digital taxation is reached within the OECD by the end of this year.

“We are strongly engaged in finding a solution at the global level. Of course, if no solution is found at that level by the end of the year, we will keep implementing our national measure,” said Roberto Gualtieri, Italy’s finance minister. Gualtieri’s position was backed by Spain’s Minister of Economy, Nadia Calviño, who expressed her support of a common solution.

US Secretary of Treasury Steve Mnuchin warned that “if people want to just arbitrarily put taxes on our digital companies, we will consider arbitrarily putting taxes on car companies”.

France’s Finance Minister Bruno Le Maire said he believes the OECD would offer a good proposal that could lead to a political deal.

“We need to have a credible solution at the international level to avoid national solutions by European countries,” he said, and added that: “there is still some work to be done to agree on the basis to launch the work at the OECD.”

Full article on New Europe



© New Europe-BNA


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment