Japan criticises US digital tax proposal at G20

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Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree new rules ...

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RIYADH: Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree new rules on taxing big tech companies.

"I told my counterparts that Japan is very concerned about the 'safe harbor' proposal," Aso told reporters after attending the G20 gathering. Many G20 officials view the United States as reluctant to deal with a potentially tricky political matter before the presidential election later this year.It is rare for Japan to openly criticize the United States on economic policy, given the two countries' close defense ties.

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