The United Nations’ effort to develop an international tax convention “would be a bit challenging” without the US’s participation, according to a senior European Commission official.
If the body’s discussions surrounding digital taxes progress, they might overlap with stalled discussions at the Organization for Economic Cooperation and Development on taxing rights, which likely will have a significant impact on tech companies, EU Commission Director for Direct Tax Benjamin Angel said Tuesday.
If the OECD discussions restart, “we have a problem with duplication of the work,” Angel told the European Parliament’s tax subcommitee. While the US is still part of ...