FILE PHOTO: Italy's Economy Minister Daniele Franco speaks during a joint news conference with Italy's Prime Minister Mario Draghi (not pictured) on the government's new fiscal targets in Rome, Italy, September 29, 2021. REUTERS/Yara Nardi/File Photo
WASHINGTON/ROME (Reuters) - G20 finance leaders on Wednesday endorsed a global tax deal that calls for the elimination of unilateral digital services taxes, but Italy's economy minister said it may take up to two years to eliminate the digital levy imposed by Rome.
The timing of the removal of digital services taxes aimed largely at U.S. technology platforms such as Alphabet Inc's Google, Facebook Inc, Amazon.com Inc and Apple Inc could become a new source of tension with Washington after 136 countries agreed to revamp international corporate taxation last week.
Limited time offer:
Just RM5 per month.
