Big Tech Wants Taxation Of Digital Services To Be Stopped

Share post:

Following the Group of Seven rich countries’ global tax agreement, technology representatives and lobbyists have openly expressed support for this move, while calling for the increasingly popular taxation of digital services to be abolished.

The agreement was to support a minimum global corporate tax rate of at least 15% to prevent multinationals from avoiding tax by saving profits in low-tax countries,

While the U.S. Treasury Department explains that the deal delved into the “removal of all Digital Services Taxes, and other relevant similar measures, on all companies”, the technology industry wants to eliminate levies such as France’s 3% tax on certain online revenues.

For more information, read the original story in Reuters.

Featured Tech Jobs


Related articles

FTC says Microsoft’s layoffs at Activision Blizzard may threaten merger approval

The FTC has expressed dissatisfaction with Microsoft's layoffs at Activision Blizzard, challenging the integrity of the Microsoft-Activision deal....

Delaware court voids Musks $56 billion dollar compensation

Tesla's stock experienced a notable downturn following a Delaware court's decision to void CEO Elon Musk's massive $56...

IT World Canada strikes partnership with Canadian Cybersecurity Network

Goal is to make it easier for infosec pros to access each organization

Microsoft overtakes Apple as world’s most valuable company

In a notable shift in the tech industry, Microsoft has recently overtaken Apple to become the world's most...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways