EU puts on hold digital levy plans in face of US criticism

EU puts on hold digital levy plans in face of US criticism

3 years ago
Anonymous $drS9DEX_Sj

https://apnews.com/7cc795c044ded60de3cf43038c8bb851

BRUSSELS (AP) — The European Union has put on hold work on plans for a digital levy for the moment to concentrate on finalizing the historic tax decision endorsed by the Group of 20 nations over the weekend, officials said Monday.

In the face of U.S. criticism, the European Commission said that its work on the levy that would hit American technology companies would go on ice to allow for smooth cooperation on the political and technical hurdles that still need to be addressed on the G-20 tax decision before the end of October.