U.S withdraws opposition to digital tax at G20 meeting: official

February 26, 2021 11:14 AM EST

FILE PHOTO: A 3-D printed Facebook logo is seen on U.S. dollar banknotes in this illustration picture, June 18, 2019. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo


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BRUSSELS (Reuters) - The United States withdrew its opposition to the idea of global rules on taxing digital giants like Google, Amazon and Facebook at a meeting of finance ministers and central bankers of the world's top 20 economies on Friday, a G20 official said.

"U.S. Treasury Secretary (Janet) Yellen announced the withdrawal of (the U.S.) safe harbour proposal. It has been welcomed, it is certainly a positive signal," the official said.

The U.S. move paves the way for adopting a proposal on digital taxation of such companies from the Organisation for Economic Cooperation and Development b June this year.

(Reporting by Jan Strupczewski)



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