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No global digital tax by end-2020 would mean digital tax chaos: France – Source Reuters Tech News

RIYADH (Reuters) – Failure to reach a global deal on where and how much to tax digital giants like Google(GOOGL.O), Amazon(AMZN.O) or Facebook(FB.O) would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on Sunday.

FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference to kick off the France’s national lottery operator Francaise des Jeux (FDJ) listing with the opening of the share subscription process in Boulogne-Billancourt, near Paris, France, November 7, 2019. REUTERS/Gonzalo Fuentes/File Photo

Speaking to Reuters on the sidelines of a meeting of world financial leaders, Bruno Le Maire said the gathering had been very useful in establishing consensus on such global tax rules.

Finance ministers and central bank governors from the world’s 20 biggest economies, the G20, met in Riyadh for talks on global economic issues, with digital taxation topping their two-day agenda.

“For the first tine there is wide…

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Source Reuters Tech News

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