US urges EU to postpone digital tax plan - report - Breaking The News
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US urges EU to postpone digital tax plan - report

The United States has called on the European Union to postpone the introduction of the digital tax plan, Agence France-Presse reported on Wednesday, citing a document it reviewed.

The implementation of the plan would endanger the negotiations on the global corporate tax, and "threaten the work being undertaken via the OECD/G20 process," the document warned.

The EU seeks to change the taxation rules for highly digitalized multinational companies, bringing the effective tax rate closer to that of traditional businesses.

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