5 years ago

Digital tax into G20 finance ministers and central bank governors meeting focus to reach an agreement is not easy

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g20 finance

The digital age has not only changed economic and social development, but also led to the issue of economic and social development models led by large consortia with digital backgrounds. Governments are considering strengthening supervision and taxation for related companies. At the meeting of the G20 finance ministers and central bank governors held in Fukuoka today and tomorrow, the digital tax became one of the focuses.

French Finance Minister Lemaire pointed out that the international community needs to have a solution, and the world must measure the digital economy, as well as data sales, exchange and use.

Lemer pointed out that at the Group of Seven (G7) meeting in France in July, it would seek a coordination plan for digital tax and could become the basis of other G20 national digital tax systems. Once the digital system is established, France will abolish its own related taxes.

However, it is not easy for all parties to reach a consensus on digital tax. The US Treasury Secretary Mnuchin said that this is a complex issue in a changing environment. Even if it is urgent to solve related problems, it is different from other countries.

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