WASHINGTON/ROME G20 finance leaders on Wednesday endorsed a global tax deal that calls for the elimination of unilateral digital services taxes, but Italy’s…
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 .
The G-20 leaders still have to approve the agreement, which would install both a 15 percent global minimum tax on corporations and change how and where multinational profits are taxed.