Officials: Global approach to digital tax is still on track

ABC News | 8/25/2019 | Staff
tictac399 (Posted by) Level 3
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A global attempt by more than 120 countries to find a way to more fairly tax global internet giants is moving ahead despite individual countries' deciding to impose their own tax, says the head of the international organization leading the project.

Angel Gurria, secretary general of the Paris-based Organization for Economic Cooperation and Development, said Sunday at the Group of Seven summit in France that "what we are seeing is a very strong and a very clear signal of wanting to find a multilateral solution."

France - % - Tax - Month - Companies

France introduced a 3% tax last month on digital companies that may be headquartered elsewhere but do billions in digital business such as advertising and retail in France. That includes companies like Google, Amazon and Facebook but also big Chinese and French online businesses too.

The move has angered U.S. President Donald Trump, who is threatening tariffs on French wine in...
(Excerpt) Read more at: ABC News
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