WASHINGTON — Today, global tech trade association ITI issued the following reaction to the G20 Finance Ministers’ update regarding negotiations to address the tax challenges arising from the digitalization of the economy. The communiqué endorses the OECD/G20 Inclusive Framework’s Statement on a Two-Pillar Solution released on October 8.
“We welcome the G20 Finance Ministers’ support of the continued work towards a multilateral solution to address the digitalization of the global economy,” said ITI President and CEO Jason Oxman. “The governments’ commitment not to impose newly enacted unilateral tax measures on any company is a critical step towards reestablishing international tax norms. Given that many unilateral digital services tax measures are still in place, we continue to call for their urgent withdrawal to provide much-needed certainty and predictability for businesses.”
Several governments have implemented digital services taxes or similar measures, including Austria, France, India, Italy, Kenya, Spain, Turkey, and the United Kingdom.