G20 finance officials eye solution to digital tax row this year – ZAWYA

G20 finance officials eye solution to digital tax row this year – ZAWYA

g20 finance officials eye solution to digital tax row this year united states has been at loggerheads over the issue with britain, france and other key allies    journalists sit in the media center during the meeting of g20 finance ministers and central bank governors in riyadh, saudi arabia, february 22, 2020. reuters/ahmed yosriwashington/berlin - finance officials from the group of 20 major economies on saturday vowed to resolve major differences over taxing big tech companies and reach a broad, consensus-based solution on international taxation this year.the united states has been at loggerheads over the issue with britain, france and other key allies, who have adopted or are considering digital service taxes as a way to raise revenue from the local operations of big tech companies.critics say those firms profit enormously from local markets while making only limited contributions to public coffers, but washington contends the taxes discriminate against u.s. tech firms such as google, facebook and apple inc.the united states has been at loggerheads over the issue with britain, france and other key allies, who have adopted or are considering digital service taxes as a way to raise revenue from the local operations of big tech companies.washington/berlin - finance