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

The United States has warned: This is a case in which it can happen ‘Totally derailed’ Ongoing international negotiations on global tax reform. On Sunday, July 11, US Treasury Secretary Janet Yellen called on the European Union to reconsider its digital tax project, noting that this type of tax introduced by several European countries is considered Discrimination against US companies.

The agreement on taxation of multinational corporations was concluded in 1he is July under the auspices of the Organization for Economic Cooperation and Development and approved by the Group of Twenty on Saturday “Calls on states to agree to dismantle existing digital taxes that the United States considers discriminatory and to refrain from similar measures in the future.”She said. “It is therefore up to the European Commission and EU members to decide how to proceed.”She added to the press on the sidelines of the G20 summit in Venice.

This article is reserved for our subscribers Read also Historic agreement between the G20 countries to impose international taxation on multinational companies

The reform endorsed by the G-20 rests on two pillars. One is to create a global minimum tax of at least 15% for companies with a turnover of more than 750 million euros. The other would end unilateral taxation on digital services in exchange for a new mechanism that would allow states to tax large, profitable businesses based on where they sell their products and services and no longer rely on the company’s location. Intellectual property.

Europeans want to “reassure” the United States

Janet Yellen is scheduled to travel to Brussels on Monday for a meeting of eurozone finance ministers. Les Européens veulent profiter de cette réunion de l’Eurogroupe pour s’entretenir avec les Etats-Unis sur le projet de taxe numérique que l’UE veut mettre en place, avait fait savoir, mardi, le ministre’ franéoconcies de Mayor.

See also  Jean-Yves Le Drian warns Israel of "the danger of apartheid" towards its Arab population

This tax is, in fact, part of the new resources that the European Union plans to finance for the recovery plan of 750 billion euros. However, Washington views this project dimly, believing that it will discriminate against American giants such as Amazon, Google and Facebook.

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

At the end of June, the United States asked several European countries to postpone the digital tax project as part of a conservative diplomatic approach. “There is nothing directed against Americans and I hope we can allay American concerns about this.”Bruno Le Maire confirmed. Like Spain and Italy, France has introduced a digital tax, but has pledged to remove it once the multinational corporation taxation agreement is implemented.

Read our column: “Imposing a global minimum corporate tax is a historic opportunity that should not be missed.”

Le Monde with Agence France-Presse and Reuters

Leave a Reply

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