EU Hopes US Pullout Of Digital Tax Talks Not ‘Definitive’
EU commissioner for economic affairs Paolo Gentiloni on Thursday said that he hoped Washington’s decision to stop international negotiations on the taxation of tech giants would not be permanent.
Washington on Thursday angered its OECD partners by announcing it was pulling out the talks that are intended to make tech giants such as Google or Facebook pay more tax. The EU had attempted its own European version of the digital tax, but struck by internal divisions on the issue, put those plans aside in order to pursue the international solution.
“But if that proves impossible this year, we have been clear that we will come forward with a new proposal at EU level,” he said.
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