NEW: UK urged to “hold fire” on tech tax on likes of Amazon, Google and Facebook, committed to start this April, by head of body charged with finding a global solution - OECD’s Sec Gen Gurria in interview with BBC #WEF2020
Comes as OECD, French finance minsiter and US counterpart will meet tomorrow here in Davos to confirm details of a delay to the French digital tax, and US tariff retaliation until end of year (ie after US Presidential election)...
OECD’s Gurria told BBC UK should “absolutely hold fire & contribute to multilateral solution” delay measure promised for 2 years, in current Finance Bill, & manifesto.
would lead to “cacophony and a mess” of 40 countries going own way with “tensions rising all over the place”
would lead to “cacophony and a mess” of 40 countries going own way with “tensions rising all over the place”
US Treasury Secretary Mnuchin in an interview with the Wall Street Journal warned other countries going ahead with tax including the UK that “they’ll find themselves faced with President Trump’s tariffs. We’ll be having similar conversations with them”.
Full Story: UK told to 'hold fire' on April tech tax bbc.co.uk/news/business-…
