Showing: 1 - 1 of 1 RESULTS

Global Talks on Taxing Tech Firms Will Slip Into 2021

Many governments, in Europe and elsewhere, have increasingly looked to implement so-called digital service taxes, which apply largely to American tech giants like eBay and Amazon. Italy, Spain, Austria and Britain have all announced plans to levy digital services taxes, following the lead of France.

In response, the United States has threatened to impose tariffs on imports from countries that impose the taxes. The administration said in July that it would move next year to tax $1.3 billion in products like cosmetics and handbags from France, in retaliation for its digital service tax. Mr. Saint-Amans said Monday that he had seen no indication that the United States or France would hold off on re-escalating the dispute next year.

A key goal of the talks is to de-escalate those tensions by reaching international agreement on how and where digital activity may be taxed. In recent months, including what officials described as

Read More