US multinationals have been criticised for stalling progress towards an international agreement on tax reform aimed at curbing tax avoidance by large tech companies, reports MNE Tax.
Pascal Saint-Amans, who is coordinating international talks, recently warned US multinationals that delay would not be in their interests as a number of countries were poised to take unilateral action and impose a digital services taxes (DST) in the absence of global agreement.
The latest country to announce a DST is the Philippines, which this week began to consider plans to introduce a tax to “better capture value created by the digital economy and have the likes of Netflix, Google, Facebook, and Lazada 'pay their fair share'.”
Writing in the Financial Times Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, said the US will have to play a more constructive role and ensure progress on digital taxation at the next G20 meeting.
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