Thu. Jun 4th, 2020

NEWS ABOUT RELAXATION

The Real News Network

EU industry chief: EU ready to act on digital tax, if OECD fails

1 min read

Thierry Breton speaks during his hearing before the European Parliament in Brussels

PARIS (Reuters) – European industrial policy chief Thierry Breton said on Monday that if discussions at the OECD level on taxation for digital companies such as Amazon <AMZN.O> or Google <GOO.O> do not bear fruit, the European Union will take action.

“I do not know any optional voluntary tax… On the big digital players, this is obviously not an option,” Breton told a news conference. “If it cannot be reached, we would take up the issue at the level of the Commission,” he added.

Breton added that European countries, which had failed to agree on a digital tax earlier, were now on the same line.

(Reporting by Michel Rose, Writing by Dominique Vidalon)

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