EU should press ahead with digital tax plans, France says
PARIS (Reuters) – The European Union should press ahead with plans for a bloc-wide digital tax in case world talks on the OECD to rewrite worldwide tax tips fail, French Finance Minister Bruno Le Maire talked about on Wednesday.
G20 finance ministers gave their help on Wednesday to extending until mid-2021 negotiations to exchange cross-border tax tips for the digital age after talks flooring to a halt following the COVID-19 pandemic outbreak, and inside the face of reticence from Washington as a result of the U.S. presidential election neared.
Le Maire talked about his U.S. counterpart Steven Mnuchin was in opposition to OECD proposals on digital taxation, which function to discourage U.S.-based tech giants like Google <GOOGL.O>, Facebook <FB.O> and Amazon <AMZN.O> from legally shifting earnings to low-tax nations like Ireland.
He added {{that a}} change of administration in Washington after the Nov. 3 U.S. election would not basically end in a change …