AFP: US urges EU to postpone digital single tax

The United States, through diplomatic channels, is calling on the EU countries to postpone plans to introduce a single tax on digital assets, AFP reports, citing the document and sources among diplomats. American diplomats argue that the initiative will threaten plans to change the global taxation of Internet companies, which are being promoted by the OECD and the G20 countries.

The plans of the European Union, according to the document cited by AFP, “threaten the work carried out within the OECD / G20” and “pose the risk of disruption of negotiations at a critical juncture.” Among the states that received the document, the agency’s sources name Germany, the Netherlands and the Scandinavian countries.

Under current regulations, sellers of digital goods with customers in the EU must file a value added tax (VAT) declaration in each European country separately. The European Commission plans to announce plans to introduce a unified system on July 14. In parallel, the OECD countries are negotiating a new global tax system. The initial agreements are planned to be reached by the summit of the G20 finance ministers, which will be held on July 9 in Venice.

More details about the OECD and G20 initiative can be found in the material of Kommersant “Not lower than the lowest”.

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