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G20 meeting: European finance leaders for global digital tax rules

Nearly 200 firms, including Google, Facebook and Amazon, fall within tax scope

Reuters  |  Buenos Aires 

European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday, putting them at odds with US counterparts. The final communique reaffirmed a commitment to address the impacts of the shift to a digital economy on the international tax system by 2020, without giving more details. The European Commission, the executive arm of the European Union, proposed rules earlier this year to make digital companies pay more tax, with US tech giants such as Alphabet’s Google, Facebook ...

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First Published: Mon, July 23 2018. 21:21 IST