French Finance Ministry urges Joe Biden to clarify the US position on digital taxes

France's Finance Ministry, speaking for the European Union as a whole, expects the next Joe Biden administration to clarify the United States' position on digital taxation within two months of taking office. This made it clear last Monday in an interview with an official medium. The European Union is considering implementing a block tax on digital services, he said. Reuters,

The European Union will implement this new taxation for digital services to companies such as Google and Amazon as long as a global agreement is not reached to redefine the rules on international taxation by mid-2021. This while the efforts of the OECD to update these rules in the era of digital commerce they have stalled this year due to the global crisis.

On the other hand, the Trump administration resisted signing a multilateral treaty shortly before the elections, so now European representatives hope that the new administration will take action on the matter on a matter of utmost importance for the execution of fiscal policy. in the region. Finally, the finance minister pointed out that the EU heads of state have the deadline to analyze this matter in March next year and thus take a position as a bloc.

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Elijah Casanova
Last year law student at the Universidad del Pacífico. With an interest in technology, business and law. New technologies are our letter to the future.

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