By Reuters Staff
2 Min Read
FILE PHOTO: Italian Economy Minister Roberto Gualtieri speaks at a meeting in Berlin, Germany, September 11, 2020. Kay Nietfeld/Pool via REUTERS
PARIS (Reuters) - An agreement on rewriting outdated rules for international taxation is within grasp this year as the new U.S. administration of President Joe Biden is more open to a deal, finance ministers said on Thursday.
Nearly 140 countries are negotiating the first update in a generation to the rules for taxing cross-border commerce, to account for the emergence of big digital companies like Google, Apple and Facebook.
“After so many years of work and debate on the appropriate coordinated tax response to the challenges of digitalisation of the economy, a global agreement is within reach,” Italian Economy Minister Roberto Gualtieri said.
Finance ministers upbeat about OECD tax deal with new U S administration theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Ministers upbeat about OECD tax deal with new U.S. administration
An agreement on rewriting outdated rules for international taxation is within grasp this year as the new U.S. administration of President Joe Biden is more open to a deal, finance ministers said on Thursday.
Nearly 140 countries are negotiating the first update in a generation to the rules for taxing cross-border commerce, to account for the emergence of big digital companies like Google, Apple and Facebook.
“After so many years of work and debate on the appropriate coordinated tax response to the challenges of digitalisation of the economy, a global agreement is within reach,” Italian Economy Minister Roberto Gualtieri said.
UPDATE 1-Italy PM wins backing for deficit hike after surviving coalition ambush Reuters 1/20/2021 Total stimulus since start of pandemic nears 200 bln euros PM Conte aims to broaden majority after coalition crisis (Updates after parliament backs further spending)
By Giuseppe Fonte
ROME, Jan 20 (Reuters) - Italian Prime Minister Giuseppe Conte won near unanimous parliamentary backing for extra spending for the COVID-hit economy on Wednesday, just hours after he narrowly survived an attempt by a junior coalition partner to unseat him.
Laying aside their normal animosity, opposition and coalition parties joined forces to approve the 32-billion-euro ($38.7 billion) stimulus package in both houses of parliament.
ROME (Reuters) - Italian Prime Minister Giuseppe Conte won near unanimous parliamentary backing for extra spending for the COVID-hit economy on Wednesday, just hours after he narrowly survived an attempt by a junior coalition partner to unseat him.