The European Commission is delaying an EU digital tax plan, in favour of sealing a deal for a global minimum corporate tax rate. — REUTERS
The European Commission said Monday it would delay its plan to propose an EU digital tax in order to not jeopardise efforts to secure a global deal on fairer taxation.
After an "extraordinary" breakthrough at G20 talks on Saturday, "we have decided to put on hold our work on a proposal for a digital levy", an EU spokesman said, a day after Washington asked Brussels to delay its tax plan.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
