U.S. Pulls Out Of Talks With EU Over Taxing Big Tech

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Plans to build a new global framework—that would allow nations to tax major tech companies on profits they make locally—have been thrown into disarray after the U.S. government decided to suspend talks with the EU on the issue

Plans to build a new global framework — that would allow nations to tax major tech companies like Google, Amazon and Facebook on profits they make locally — have been thrown into disarray after the U.S. government decided to suspend talks with European countries on the issue, and threatened them with retaliatory measures if they press ahead unilaterally.... [+]U.S.

The European countries, however, plan to move forward with their plans on digital taxes, with French Finance Minister Bruno Le Maire referring to the U.S. pullout as “provocation” and that Paris would forge ahead on the issue “whatever happens.” Paolo Gentiloni, the European Union’s economy commissioner, said Brussels was prepared to advance its own region-wide proposals.

The UK Treasury also vowed to move forward with its digital tax plans even as it is negotiating with Washington on a potential free trade agreement., “We were a few inches from an agreement,” adding that “What is this way of treating the allies of the United States, by systematically threatening us with sanctions?”by the Paris-based intergovernmental group, the Organisation for Economic Co-operation and Development .

 

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A disputa pela hegemonia tecnológica produziu a GDPR para proteger a Europa contra a pressão das gigantes estadunidense e chinesas. O que podemos esperar do Mercosul e dos líderes da América Latina!?

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EU should ditch the dollar and impose sanctions on US.

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