The United States is an obstacle to the international digital tax treaty

U.S. Treasury Secretary Janet Yellen told G20 finance ministers that Washington would drop a controversial part of the plan, which was tabled by the Trump administration in late 2019, known as a rule. Shelter (Secure port In English), he explained.

The Secure port It is up to the digital giants to choose between voluntarily accepting the new tax regime or continuing with the current system.

France immediately welcomed the US change and considered a deal On hand And is possible in the summer.

It is necessary now Finish without delay The talks, French Finance Minister Bruno Le Myre stressed in a statement.

Discussions on the project are taking place within the framework of the Organization for Economic Co-operation and Development (OECD).

The so-called Washington dropped Shelter There is A big step on the way to a deal at the end of the summer, Also assessed German Finance Minister Olaf Scholes as part of the G20 Finance Summit.

Janet Yellen declared Washington Make a firm commitment to the two pillars of the project According to the head of the treasury, international tax reform.

Quiet tensions

Negotiations, on the one hand, are related to the distribution of tax rights between the producing countries and the consuming countries (column 1) – approximately: determining where to pay taxes – and on the other hand, the minimum tax limit for all countries (column 2).

The draft agreement, which failed at the end of 2020 due to the US siege, is of concern to all sectors.

But for digital multinationals this is so severe that they pay particularly low taxes in key markets, but their physical balance is declining.

READ  Home optimism peaks in March

The taxation of Google, Facebook and other US companies was significant because these companies were huge winners in 2020, when countries were plunged into recession by the COVID-19 epidemic.

U.S. infiltration will ease tensions between the United States and Europe. The Trump administration’s disruption to the project actually caused strong tensions between Paris and Washington.

France advanced its troops by enforcing a so-called line BLUNDER (For Google, Amazon, Facebook and Apple).

Then, after noticing a fight in January 2020, he decided to tax it from January 6 to 2020.

Shortly before his departure, the Trump administration announced that the use of additional tariffs on French products such as champagne (which would take effect on January 6, 2021) in retaliation for the Kafa tax had finally been pushed back.

In early January, before it was confirmed, Janet Yellen softened the US position on the controversial issue and said she was ready to resume discussions.

France has announced that if the discussions at the OECD fail, the EU will campaign to set its own tax.

The time to accept the plan is over.

Leave a Reply

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