Failure to reach a global deal on where and how much to tax digital giants like ...
) would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on Sunday.
Finance ministers and central bank governors from the world’s 20 biggest economies, the G20, met in Riyadh for talks on global economic issues, with digital taxation topping their two-day agenda. “And we also have to address the key question of minimum taxation and the risk of having a race to the bottom on taxation,” he said.
“There is a consensus to build a solution by the end of 2020,” Le Maire said, noting the alternative — no agreement — would create a proliferation of different tax systems making life more difficult for companies.
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