RIYADH, Feb 23 — Leading world economies must show unity in dealing with aggressive “tax optimisation” by global digital giants like Google, Amazon and Facebook, G20 officials said yesterday. The Organisation for Economic Cooperation and Development (OECD) is developing global rules by to...
Sunday, 23 Feb 2020 10:06 AM MYT
The call for unity appeared directed mainly at the United States, home to the biggest tech companies, in an attempt to head off any stalling on the rules until after the US presidential election in November. The OECD wants to set a minimum effective level at which such companies would be taxed and seeks agreement by the start of July, with an endorsement by the G20 by the end of the year.
“I think we all want to get this done by the end of the year, and that's the objective,” Mnuchin told the seminar.
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