| inbluevt | Date: Monday, 2013/07/15, 1:13 PM | Message # 1 | DMCA |
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France has failed to secure backing for tough new international tax rules specifically targeting digital companies, such as Google and Amazon, after opposition from the US forced the watering down of
proposals that will be presented at this week's G20 summit.
Senior officials in Washington have made it known they will not stand for rule changes that narrowly target the activities of some of the nation's fastest growing multinationals, according to sources with knowledge of the situation.
The Organisation for Economic Co-operation and Development (OECD) has been told to draw up a much-anticipated action plan for tax reform at the gathering of G20 finance ministers this
Friday, but the US and French governments have been at loggerheads over how far the proposals should go.
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 Google chairman Eric Schmidt and French president François Hollande, who has been targeting internet companies that pay little or no tax in
France. Photograph: Philippe Wojazer/Reuters
Message edited by inbluevt - Monday, 2013/07/15, 1:15 PM |
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