Print Magazine
Brussels Morning Newspaper
Sunday, July 3, 2022
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home Economy

EC delays planned digital tax under US pressure

Nikola Kiš by Nikola Kiš
12 July 2021
in Economy
EC delays planned digital tax under US pressure
Share on FacebookShare on Twitter

Brussels (Brussels Morning) The European Commission is to delay its planned tax on digital services as it considers objections by the US against such taxes on national levels.

The US is concerned that the EU plan, which was to have been proposed later this month, could jeopardise efforts to introduce a global minimum corporate tax, Reuters reported on Monday.

One EC official warned that the new digital tax could undermine plans for a global minimum corporate tax.

Speaking at a press conference in Brussels, EC spokesman Daniel Ferrie acknowledged “we have decided to put on hold our work on our new digital levy”. He said the Commission would re-evaluate the situation in the autumn.

After the G20 agreed on Saturday to support a reform of global tax rules, some EU officials criticised EC’s plan to introduce a tax at the bloc level.

Commenting on the possible delay of the EU tax, European Commissioner for Economy Paolo Gentiloni noted on Saturday that the bloc’s focus is on the implementation of the G20 agreement.

EC committed to G20 deal

Ferrie pointed out that wrapping up the global tax agreement “will require a final effort from all parties”, and that the Commission is committed that effort.

Details of the deal should be hammered out in October this year, after which the final proposal would have to be approved at national levels.

Prior to a meeting between US Secretary of the Treasury Janet Yellen and EC President Ursula von der Leyen in Brussels on Monday, a source close to the EU indicated that Yellen’s priority is to stop the EU’s new digital tax.

The EU had been planning its digital tax for years and wanted to push the proposal this month in order to counterbalance a surge in spending intended to help EU member states recover more quickly from the coronavirus crisis.

Tags: Main-Slider

Latest post

What now for local democracy?  

What now for local democracy?  

5 hours ago
Turkish Drones Changing Warfare Dynamics Overnight

Turkish Drones Changing Warfare Dynamics Overnight

1 day ago

Most Read

  • a office woman writing down something on notebook

    What Are The Highest Paying Jobs In Luxembourg?

    0 shares
    Share 0 Tweet 0
  • These are the 10 highest paying jobs in the Europe in 2022

    0 shares
    Share 0 Tweet 0
  • Energy Recovery Fund

    0 shares
    Share 0 Tweet 0
  • What Are The Highest Paying Jobs In Finland?

    0 shares
    Share 0 Tweet 0
  • My mind map comes in handy, promoting the full potential of children and young people

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • EU Institutions
    • Parliament
    • Commission
    • Council
  • Europe
  • World
  • Member States
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT