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.
The Organisation for Economic Cooperation and Development is developing rules to make digital companies pay tax where they do business, rather than where they register subsidiaries - a move that was broadly endorsed by finance leaders of the Group of 20 major economies on Sunday.
"It would extremely diminish the regulatory effect of what we're trying to do. That is a view expressed by various countries," he said, joining a chorus of criticism by France and other nations over the U.S. proposal.
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