Categories: Europe

The European Union postponed a digital tax plan amid US pressure

New Delhi: The European Commission will postpone the plan to prioritize new retributions to digital services later in July, a spokesman said on Monday, following intense pressure from the US government.
Some European officials also questioned the tax value planned by EU executives after the G20 Economy agreed on Saturday on the global reform of corporate tax.
US Administration is alert to the EU initiative because it wants the existing national digital service tax to be revoked as part of the global improvement of the taxation of the Crossborder company.
“We have decided to hold our work on our new digital retribution as a new EU resource,” said the OU Commission spokesman Daniel Ferrie told a press conference in Brussels.
The EU will reassess the situation in the fall, he added.
On Saturday, EU economic commissioner Paolo Gentiloni said the UE priority was to implement the G20 agreement when asked whether the digital service retribution plan could be postponed.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago