US Tries to Impose Alternative to EU Digital Tax Proposal

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The US government is presenting recommendations to anticipate the European Union’s tax assessment plans regarding organisations providing cross-border digital services, US Treasury authorities have announced.

The government is campaigning for the OECD to approve international adoption of the minimum tax regulations similar to the US’ GILTI (global intangible low-taxed income) regime, with a few changes in accordance with the amount of group profit that can be assigned to different jurisdictions.