Failure to reach a global deal on where and how much to tax digital giants like Google, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's Finance Minister said on Sunday.23 Feb 2020 10:55PMRIYADH: Failure to reach a global deal on where and how much to tax digital giants like Google, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's Finance Minister said on Sunday.
"For the first tine there is wide consensus among the G20 members on the necessity of having a new international taxation system," Le Maire said. "And we also have to address the key question of minimum taxation and the risk of having a race to the bottom on taxation," he said.France has already adopted its own digital tax, but suspended it until the end of the year to give the G20 time to work out a global deal to which all countries would subscribe.
"There is a consensus to build a solution by the end of 2020," Le Maire said, noting the alternative - no agreement - would create a proliferation of different tax systems making life more difficult for companies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Macron says 'not sure' EU-UK trade deal possible before end of 2020French President Emmanuel Macron on Saturday said he was 'not sure' it would be possible for the European Union and Britain to reach a trade deal ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tokyo 2020 postpones volunteer training over coronavirus fearsTOKYO (AFP) - Tokyo 2020 Olympic organisers on Saturday (Feb 22) postponed training for their army of volunteers due to the coronavirus outbreak but reiterated that there was 'no consideration' of cancelling the Games.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
2020 Mini JCW Countryman review: Country dancingRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Bloomberg campaign builds out digital arm Hawkfish ahead of 2020 electionU.S. Democratic presidential candidate Michael Bloomberg's campaign has pumped US$25.7 million into the billionaire candidate's little-known ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Budget 2020: Help for tour guides, firms to mitigate slowdown in tourismSINGAPORE — Self-employed tour guides will receive a S$1,000 stipend over three months to tide them through the Covid-19 outbreak, and an additional S$600 if they complete 80 hours of training. Companies in the tourism industry will also receive more support to retrain workers.
Source: TODAYonline - 🏆 1. / 99 Read more »
Miniskirts, power shoulders and top models for Versace Fall/Winter 2020Top models Kendall Jenner, Irina Shayk, the Hadid sisters and Kaia Gerber showed off Versace's Fall/Winter 2020 line while the designer herself only appeared in virtual form, her face projected on screens along the catwalk before and after the presentation.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »