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IPFS News Link • TAXES: Internet

Global digital tax talks to move forward


The countries "affirm their commitment to reach an agreement on a consensus-based solution by the end of 2020," the statement said. The statement followed talks among the countries this week in Paris that were overseen by the OECD.

The multilateral negotiations come as several European countries have been pursuing unilateral digital taxes that would primarily affect major U.S. tech companies such as Facebook, Amazon and Google. These countries are seeking to raise tax revenue from companies that have many users in their jurisdictions but pay little in taxes there.

However, U.S. policymakers oppose individual countries acting on their own to create digital taxes, arguing that the taxes unfairly target American tech companies, and think the best route would be an agreement on a framework at the OECD level.