Global digital tax efforts get China boost

File photo of participants of the G20 taking their seats at the beginning of their third working session of the G20 meeting in Hamburg, northern Germany, in July 2017. - AFP

BEIJING (China Daily/ANN): China will support the efforts made by the G20 members to forge an international deal on digital taxation by the middle of this year and expects it to help the digital economy develop in an open and fair manner, a top government official said.

Finance Minister Liu Kun said "unilateral measures "should be avoided while dealing with the tax digitisation challenges. Unilateral actions like levying taxes on large technology companies may lead to tax competition and discriminatory treatment in various countries, said experts.