Europeans want to take advantage of next Eurogroup meeting “To ensureUS and French Finance Minister Bruno Le Meyer on Tuesday spoke about a digital tax plan the EU wants to form to fund the EU’s recovery plan.
«Next Monday we will receive Janet Yellen (US Secretary of the Treasury) for years at the Eurogroup (Eurozone Finance Ministers Meeting, Editor’s Note) and we will have the opportunity to discuss and reassure her on this matter. , To provide necessary explanations in light of the concerns of AmericansThe minister told the media ahead of the next meeting of the G20 finance ministers in Venice on Friday and Friday.
Funding the recovery plan
Europeans plan to set up a number of new resources, including this digital tax, to finance the 50 750 billion European recovery plan. Washington, which believes it will discriminate against American giants Amazon, Google and Facebook and derail current multinational corporations’ tax reform talks, is taking a dim view of the plan.
The United States last week called on several European countries to delay the digital tax plan as part of a lower-level diplomatic move. “Nothing against Americans, and we want to address American concerns about this.“Bruno Le Meyer forced. European project”It has nothing to do with the tax of the digital giants (…) This is a question of tax consideration for all digital activities (…) including medium-sized companies., He developed.
After several years of negotiations, 130 countries reached an agreement last Thursday. About reforming the tax system for multinational companies, including a tax rate of at least 15%. “We must now reach a political agreement (…) to ratify this political agreement in the G20 in Venice“Bruno urged the mayor. The three European countries, Ireland, Estonia and Hungary, are not members of the treaty and question the future acceptance of the European proposal, which requires unity.”We will do our best to convince European countries to join this compromise», The mayor in Bruno mentioned. Negotiations at the OECD will end next October.