This is not the first time a European digital tax scheme has faced obstacles. After a failed first attempt in 2018 following the withdrawal of several member states, the United States is again threatening an updated plan for this tax.
The European Commission is due to announce this on July 14. But as the deadline approaches, a US document consulted by the AFP reveals that Washington has asked several European countries to delay the project.
As far as US diplomacy is concerned, the implementation of this tax will affect international negotiations aimed at reforming global taxation. In fact, negotiations involving 139 countries are currently scheduled to take place in Venice on July 9, ahead of a meeting of G20 finance ministers, to reach an important preliminary agreement on global taxation at the OECD in Paris.
According to this document, the release of the European project “Negotiations may be completely derailed in a subtle momentNegotiations are set to continue in the hope of getting a final deal in the fall.
Although it has not yet been made public, the European Commission insists that the proposed tax complies with OECD agreements and that it will affect thousands of companies, including European companies. It will help fund the 50 750 billion post-epidemic recovery plan promised by the European Union.
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