G20 leaders discuss a global tax deal to reallocate taxing rights on large multinationals, focusing on "Pillar 1" for US tech giants.
G20 leaders discuss a global tax deal to reallocate taxing rights on large multinational companies, with a focus on the "Pillar 1" arrangement, which aims to replace unilateral digital services taxes on US tech giants such as Google, Amazon, and Apple. A failure to reach an agreement could lead countries to reintroduce taxes on US tech firms and risk punitive duties on billions of dollars of US exports.
July 23, 2024
8 Articles