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Digital tax: France considers an agreement by the summer "within reach"

2021-02-26T16:56:51.132Z


The United States has removed the main obstacle to adopting an international agreement on taxation of digital giants.


France ruled on Friday that an agreement by the summer on the taxation of multinationals, and in particular those of digital, was "

within reach

", after a step forward made by Washington.

The United States has lifted the main obstacle to adopting an international agreement on the taxation of digital giants, an official from the US Treasury told AFP on Friday.

Read also: The digital tax agreement depends on Washington

US Treasury Secretary Janet Yellen told G20 finance ministers that Washington would drop a contentious part of the proposal, which was put on the table in late 2019 by the Trump administration, namely a so-called "provision"

refuge

”(safe harbor), he said.

This aimed to give companies the option of choosing between the new tax regime negotiated within the OECD and the current system.

It is now necessary to "

conclude without delay

" the negotiations underway within the OECD, urged Finance Minister Bruno Le Maire in a statement made during a meeting with his G20 counterparts, saying that it was "

to at hand, especially now that the United States has confirmed that it is

"

waiving

" the disputed provision.

Source: lefigaro

All news articles on 2021-02-26

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