Big Tech Wants Taxation Of Digital Services To Be Stopped

Following the Group of Seven rich countries’ global tax agreement, technology representatives and lobbyists have openly expressed support for this move, while calling for the increasingly popular taxation of digital services to be abolished.

The agreement was to support a minimum global corporate tax rate of at least 15% to prevent multinationals from avoiding tax by saving profits in low-tax countries,

While the U.S. Treasury Department explains that the deal delved into the “removal of all Digital Services Taxes, and other relevant similar measures, on all companies”, the technology industry wants to eliminate levies such as France’s 3% tax on certain online revenues.

For more information, read the original story in Reuters.

Top Stories

Related Articles

March 26, 2025 HP has agreed to settle a class-action lawsuit accusing the company of disabling printers that used third-party ink more...

September 4, 2024 Intel’s contract manufacturing business has encountered a major setback after silicon wafers produced for Broadcom failed to meet more...

August 8, 2024 Dell has initiated another round of layoffs, affecting a significant number of employees, including long-term company veterans. HR more...

August 1, 2024 Intel has announced a significant downsizing of its workforce, laying off over 15,000 employees as part of a more...

Jim Love

Jim Is and author and pud cast host with over 40 years in technology.