Treasury secretary Janet Yellen told G20 ministers that the US will drop its “safe harbor” provision for tech companies, allowing a global deal on digital tax
the ‘Silicon Six’ — used legal tax avoidance strategies between 2010 & 2019 to pay $155.3 billion < the actual tax rates accrued collectively by the co's across all global territories in which they operate. https://fortune.com/... Brian Roemmele / @brianroemmele : This is a very big deal. Some supporters in the tech industry may be surprised by this. It is just one shoe that has dropped, there will be more. https://twitter.com/... Martin Bell / @theembraexpress : One positive step towards defusing current transatlantic trade tensions. US removes stumbling block to global deal on digital tax - https://www.ft.com/... via @FT Richard Murphy / @richardjmurphy : US removes stumbling block to global deal on digital tax https://www.ft.com/... via @financialtimes In tax terms, this looks pretty big. The path is open to a global minimum corporation tax James Politi / @jamespoliti : Breaking from the G20 finance ministers call: Yellen withdraws US insistence on “safe harbor” stumbling block to global deal on digital tax https://www.ft.com/... via @financialtimes Ldia Pereira / @lidiafopereira : Very good news coming from the other side of the Atlantic. The drop by the US of the “safe harbour implementation” opens a real door for a global deal on digital tax still in the course of 2021. 👇👇👇@EPPGroup https://www.ft.com/... Chad P. Bown / @chadbown : Yellen tells G-20 finance ministers US will drop Trump's “safe harbour” measure in its proposal to reform global rules on digital tax. The move could unlock long-stalled multilateral negotiations at the OECD. By @Aime_Williams @JamesPoliti et al https://www.ft.com/... Chris Giles / @chrisgiles_ : Multilateralism is back.... ...but there are many stumbling blocks before there is a global corporate tax deal https://www.ft.com/... via @financialtimes Edward Harrison / @edwardnh : US removes stumbling block to global deal on digital tax https://www.ft.com/... Guaranteed there will be more taxes on Big Tech moving forward
This is a very big deal. Some supporters in the tech industry may be surprised by this. It is just one shoe that has dropped, there will be more. https://twitter.com/...
The Biden administration just cleared the way for a “global digital tax.” Because the only thing better than getting taxed by domestic bureaucrats is getting robbed by global elites! https://www.ft.com/...
Amazon, Apple, FB, Google, Microsoft, & Netflix—the ‘Silicon Six’ — used legal tax avoidance strategies between 2010 & 2019 to pay $155.3 billion < the actual tax rates accrued collectively by the co's across all global territories in which they operate. https://fortune.com/...
One positive step towards defusing current transatlantic trade tensions. US removes stumbling block to global deal on digital tax - https://www.ft.com/... via @FT
US removes stumbling block to global deal on digital tax https://www.ft.com/... via @financialtimes In tax terms, this looks pretty big. The path is open to a global minimum corporation tax
Breaking from the G20 finance ministers call: Yellen withdraws US insistence on “safe harbor” stumbling block to global deal on digital tax https://www.ft.com/... via @financialtimes
Very good news coming from the other side of the Atlantic. The drop by the US of the “safe harbour implementation” opens a real door for a global deal on digital tax still in the course of 2021. 👇👇👇@EPPGroup https://www.ft.com/...
Yellen tells G-20 finance ministers US will drop Trump's “safe harbour” measure in its proposal to reform global rules on digital tax. The move could unlock long-stalled multilateral negotiations at the OECD. By @Aime_Williams @JamesPoliti et al https://www.ft.com/...
Multilateralism is back.... ...but there are many stumbling blocks before there is a global corporate tax deal https://www.ft.com/... via @financialtimes