Milan
The G20 looked closer to an agreement on a global digital tax after a change of heart from the United States removed a key stumbling block in the discussions.
Under previous president Donald Trump, the US had insisted on a so-called safe harbour clause that would have effectively allowed big tech companies to comply voluntarily with a digital tax, blocking progress on a deal.
But in a videoconference with G20 colleagues, new US Treasury Secretary Janet Yellen said her country “will engage robustly” in the talks and “is no longer advocating for ‘safe harbour’…,” a Treasury official told AFP.
A global digital tax would target US internet giants such as Amazon, Facebook and Google, which have long been accused of exploiting loopholes to minimise their tax bills. Negotiations on the issue.—AFP
