The (often extremely low) taxes paid by the technology giants are the subject of heated debate around the world, and yet their future is inevitably burdened by uncertainty. Although some European countries ( including Spain ) want to start applying their own rate to tax companies in the technology sector that are deeply indebted to the personal data of their users, it remains unclear how this type of tax (the so-called digital tax) will be applied in a harmonized manner.
For this very reason, the G20 Finance Ministers have committed to having a final belgium phone number report in 2020 on how to coordinate taxes on large technology companies internationally.
G20 seeks definitive consensus on digital tax by 2020
“We welcome recent progress in addressing the tax challenges arising from digitalisation and support the ambitious programme,” the G20 finance ministers said in a statement. “We will redouble our efforts for a consensus-based solution with a final report by 2020 ,” the ministers stressed, meeting this weekend in Japan.
The taxes paid by companies such as Google, Amazon and Facebook are constantly being questioned, as the tech giants are often accused of paying very low taxes for the exorbitant profits they make.
Within the European Union there is still no consensus on the application of a possible digital tax in all the countries that are part of this organisation.
Spain has already announced the so-called “Google tax” , although many analysts question its viability due to the lack of political support to push it forward.
France, Italy, Germany and Austria are aligned with Spain on this issue , while countries such as Ireland, Sweden, Finland and Denmark are firmly opposed to the application of a dig