The Office of the United States Trade Representative (USTR) on Thursday commended the agreement between the US Treasury Department and Austria, France, Italy, Spain, and the United Kingdom on Digital Services Taxes (DSTs).
The deal proposes that "DST liability that U.S. companies...
European Commission Spokesman Daniel Ferrie confirmed on Monday the European Union has "decided to put on hold our work on a proposal for a digital levy" until October after the finance ministers of the Group of 20 (G20) reached an initial agreement on minimum global corporate tax.
The...
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...
The digital levy proposed by the European Union is not incompatible with the minimum global corporate tax plan, European Commission President Ursula von der Leyen said on Thursday. "Those two are not conflicting, they are more complementary because in the development of our digital levy...
The United States will delay the imposition of additional tariffs on certain goods from the United Kingdom, India, Spain, Italy, Turkey, and Austria by 180 days, US Trade Representative Katherine Tai (pictured) announced on Wednesday, adding that the decision was made in order to grant "additional...
United States Treasury Secretary Janet Yellen announced at a G20 finance ministers meeting on Friday that the President Joe Biden administration is ready to enter the discussion of global digital taxation reform, proposed by the Organisation for Economic Co-operation and Development (OECD)...
Eurogroup President and the Republic of Ireland's Minister for Finance Paschal Donohoe (pictured) said on Friday that the economic figures for the fourth quarter in the Eurozone have "turned out better than feared."
Speaking in an interview for the Frankfurter Allgemeine Zeitung, Donohoe...
Russian Ministry of Finance is examining other countries' experience with the introduction of digital tax, Deputy Finance Minister Alexey Sazanov revealed on Wednesday.
From services they provide in Russia, foreign digital giants earn profit that is not taxed in the country as the companies...
German Finance Minister Olaf Scholz (pictured) stated on Thursday that he is "confident" that a universal agreement on the digital tax can be reached.
During a speech at Organisation for Economic Co-operation and Development's (OECD) Inclusive Framework meeting, Scholz asserted that...
German Chancellor Angela Merkel said on Tuesday that competition laws need to be addressed on the global level in order to "prevent global monopolies."
Speaking virtually at The Davos Agenda 2021, Merkel noted that the world has to be "very very fast in finding multilateral answers to...
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