August 3, 2021

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The United States calls on the European Union to review its digital tax plan

The United States has warned: this is a case in point “Fully tracked” International Negotiations on Global Tax Reform. US Treasury Secretary Janet Yellen on Sunday (July 11) called on the European Union (EU) to reconsider. Digital tax plan, Recalls that this type of tax was considered introduced by many European countries “Discrimination Against American Companies”.

The agreement on the taxation of multinational corporations ended on the 1stThere is Approved on Saturday by July and G20 under OECD “US calls on countries to eliminate current digital taxes that discriminate against the United States and to avoid similar actions in the future.”, Said. “Therefore, the European Commission and EU members must determine the way forward.”, Except for the G20 in Venice, he added to the press.

The article is reserved for our subscribers Read this too Historic agreement of the G20 countries on the international taxation of multinational corporations

The reform verified by the G20 is based on two pillars. One of two Creating a global minimum tax of at least 15% For companies with a turnover of more than 750 million euros. The other is a new mechanism that puts an end to unilateral taxes on digital services, allowing states to no longer tax where they sell their products and services to large for-profit companies, based on company location. Their head office and their intellectual property.

Europeans want to “stabilize” America

Janet Yellen is due to travel to Brussels on Monday to attend a meeting of Eurozone finance ministers. French Economy Minister Bruno announced on Tuesday that Europeans would like to use the Eurogroup to negotiate with the United States on the digital tax plan the EU wants to implement. Mayor.

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This tax is, in fact, part of the new resources that the EU will provide to fund it His recovery plan At 750 billion euros. However, Washington takes a dim view of the project, believing it will discriminate against American giants such as Amazon, Google or Facebook.

“We will have the opportunity to discuss this matter [Janet Yellen]To reassure her, to take into account the concerns of Americans and to provide the necessary details. “, Said Bruno Le Myre.

At the end of June, the United States called on several European countries to delay the digital tax plan as part of a prudent diplomatic approach. “Nothing against Americans. I wish we could fix American concerns about this.”, Promised Bruno Le Myre. Like Spain and Italy, France has introduced a digital tax, but has promised to remove it once the multinationals’ tax-related agreement is implemented.

Read our paragraph: “Creating a global minimum tax on companies is a historic opportunity that should not be wasted.”

World with AFP