U.S. 'Greenlights' Steps Toward An International Digital Tax Deal - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title U.S. 'Greenlights' Steps Toward An International Digital Tax Deal, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : U.S. 'Greenlights' Steps Toward An International Digital Tax Deal
link : U.S. 'Greenlights' Steps Toward An International Digital Tax Deal

U.S. 'Greenlights' Steps Toward An International Digital Tax Deal

U.S. Treasury Secretary Janet Yellen has told G20 officials that the Biden administration will drop Donald Trump's objections to new global digital tax rules 

CNBC/Reuters: U.S. drops ‘safe harbor’ demand, raising hopes for global tax deal 

 * German Finance Minister Olaf Scholz described the U.S. move as a major breakthrough that could pave the way for a broader deal. 

 * French Finance Minister Bruno Le Maire echoed his praise, saying an agreement on the overhaul of cross-border corporate tax rules was now within reach by a summer deadline. 

U.S. Treasury Secretary Janet Yellen told G-20 officials that Washington had dropped the Trump administration’s proposal to let some companies opt out of new global digital tax rules, U.S. and European officials said on Friday, raising hopes for an agreement by summer. 

“Secretary Yellen announced that we will engage robustly to address both Pillars of the OECD project, and that the United States is no longer advocating for ‘safe harbor’ implementation of Pillar 1,” a U.S. Treasury official said.

Read more .... 

WNU Editor: Former President Trump objected to this new tax to protect US tech companies. In hindsight, he did not get the support from tech companies that he had hoped for, and the tax is now probably going to be imposed in the next year or two. 

 More News On U.S. 'Greenlighting' Steps Toward An International Digital Tax Deal 

US drops key obstacle to global digital tax: Treasury -- AFP 

Biden administration drops Trump's objections to a 'global digital tax' on US tech giants, paving the way for a deal by summer -- Daily Mail 

U.S. takes step toward international digital tax deal -- Axios

Thus Article U.S. 'Greenlights' Steps Toward An International Digital Tax Deal

That's an article U.S. 'Greenlights' Steps Toward An International Digital Tax Deal This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article U.S. 'Greenlights' Steps Toward An International Digital Tax Deal with the link address https://todaysand.blogspot.com/2021/02/us-greenlights-steps-toward.html

Tweet

Subscribe to receive free email updates: