Web tax, the US suspends negotiations with the EU and threatens tariffs. Gualtieri: “Position does not change, agreement needed by the end of the year”

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The USA who leave the table with the 37 member countries of theOECD and they return to threaten duties, the EU asking to rethink it or it will go on alone and Italy reiterating that “despite the Covid19 emergency, with France, Spain and the UK we are determined to continue working for a solution by 2020, as decided by the G20“. There web tax that would hit i big Americans of the web – from Google to Facebook passing through Amazon – returns to the center of tensions between Washington and the Old Continent. The US decision, according to the Financial Times, was communicated with a letter from the Secretary to the American Treasury, Steven Mnuchin, addressed to the finance ministers of Italy, Great Britain, France and Spain.

Mnuchin expressly speaks of “impasse”Of negotiations and threats duties, effectively paving the way for a tense summer on both sides of the Atlantic. “Trying to rush to such difficult negotiations is one distraction from other much more important topics, “he writes in the letter dated June 12. “At this time, governments around the world should focus their attention on the economic problems related to Covid-19,” he adds. “The United States remains opposed to taxes on digital services or similar unilateral measures. As we have repeatedly said. If countries decide to adopt these types of taxes, the United States will respond with commensurate measures“.

“In the absence of a multilateral solution, many countries could choose to take unilateral measures and those who have already done so risk not going back. This risks igniting tax disputes and, inevitably, risks increase commercial tensions“, Warned the secretary general of the OECD Angel Gurria. “Solving the tax issue that derives from the digitalization of the economy – explains Gurria – has been long awaited. All participants of the Inclusive Framework should remain committed to negotiating the goal of reaching a global solution by the end of the year, drawing on all the technical work done in the past 3 years, even during the coronavirus crisis. ”

“We regret and ask the US to return to the OECD table,” was the response of an EU spokesman. “The priority is to ensure that everyone, even the digital giants, pay their fair share share of taxes, even more today. We continue to support an ambitious web tax approach and we are ready to propose an EU tax if the discussions at the OECD level stop ”. The EU Commissioner for Economy, Paolo Gentiloni, he said he hoped “that this will be a temporary mishap and not one final stop. The European Commission wants a global solution to bring corporate taxation into the 21st century, and we believe that the two pillar OECD approach is the right one. ” While efforts will be made to find a global understanding later this year, “the Commission is on the side of all the Member States that have gone ahead with their taxation on digital services. And if necessary, we will react together ”, assured the European Commissioner.

The minister Roberto Gualtieri via twitter he reiterated that “Italy’s position on the digital tax does not change. We have always supported the importance of a global solution and, despite the Covid19 emergency, with France, Spain and the UK we are determined to continue working for a solution by 2020, as decided by the G20 “.

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