EU Delays Push for Digital Levy to Focus on Global Tax Deal (4)

Logo: Bloomberg Law

By Aoife White 

The European Union said that it would postpone its push for a controversial digital levy to focus on a negotiation over a broader minimum global tax deal struck by the world’s largest economies. The U.S. has lobbied against the levy on digital sales that was likely to hit Silicon Valley giants’ business in Europe. The EU had pledged to introduce a levy if there was no progress on a sweeping effort to tax corporations more uniformly. Such a pact now seems more likely after the Group of 20 endorsed the principles of a global-tax agreement. 

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By Aoife White , posted on Monday July 12, 2021
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