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US drops key obstacle to global digital tax: Treasury
AFP ^ | February 26, 202 1

Posted on 02/27/2021 6:02:33 AM PST by george76

US Treasury Secretary Janet Yellen told her G20 colleagues Friday that Washington is dropping a push for a controversial provision in a global digital tax, opening the door to a likely agreement.

The US shift -- part of a broader repositioning by President Joe Biden from the "America First" agenda of former President Donald Trump -- prompted immediate praise from Germany and France, which said a deal was now "within reach" following the US pivot.

Yellen announced at the G20 finance ministers meeting that US officials "will engage robustly" in the talks and "is no longer advocating for 'safe harbor' implementation of Pillar 1," a Treasury official told AFP.

The Trump administration had insisted on a so-called safe harbor clause in the OECD tax that effectively would have allowed big tech companies to comply voluntarily,

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government; News/Current Events
KEYWORDS: digitaltax; globaldigitaltax; globaltax; tax; taxes
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1 posted on 02/27/2021 6:02:33 AM PST by george76
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To: george76
So much for National Sovereignty
2 posted on 02/27/2021 6:05:44 AM PST by HangnJudge (Amen (Awomen) brother!)
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To: george76

No Taxation without representation.

Time to abolish our federal government.


3 posted on 02/27/2021 6:09:21 AM PST by Safrguns
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To: Safrguns

Another tea party on its way?


4 posted on 02/27/2021 6:11:32 AM PST by goodnesswins (The issue is never the issue. The issue is always the revolution." -- Saul Alinksy)
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To: george76

So many people are blind to what the leftist agenda is.

“Look! Racism and white supremacy!” Has been used as top cover as the leftist administration go all out to trying to move the US into leftist policy and making it hard, if not impossible, to get out of it.


5 posted on 02/27/2021 6:12:06 AM PST by Nathan _in_Arkansas (Shut the deuce up!!! I'll do the fighting!!!)
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To: goodnesswins

In what form I’m not sure, but I doubt there are enough people with balls enough to do it.

They are all too busy protecting themselves with masks on their face.


6 posted on 02/27/2021 6:13:07 AM PST by Safrguns
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To: george76
Uggh. As it has been noted many times, corporations don't pay taxes; Consumers do. And of course anything "global" should be a no starter. Anything which France and Germany approves, is sure to be bad for America. The general public have yet to realize what a disaster Biden is for America. By the time they wake up the damage will have been done.

Of course the legions of grifters and drug addicts collecting "free" stuff couldn't care less. As long as EBT, welfare, section 8, WIC, "free" Internet, Medicaid, Obama phones, and all the freebies arrive each month, no problem.

7 posted on 02/27/2021 6:16:48 AM PST by Governor Dinwiddie
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To: Governor Dinwiddie

The EU’s meme ban and link tax laws were a preview of coming attractions.


8 posted on 02/27/2021 6:19:35 AM PST by mewzilla (Break out the mustard seeds. )
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To: Governor Dinwiddie
FCC approves $50-a-month emergency broadband subsidies The agency has approved rules to get the $3.2 billion COVID-19 relief fund up and running for people hit by the pandemic.

Allowing competition would do a far better job, but Deep State doesn't want that, do they.

The ignorant and dependent are far easier to control.

9 posted on 02/27/2021 6:23:08 AM PST by mewzilla (Break out the mustard seeds. )
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To: george76

And now we know how US citizens are going to be taxed by foreign interests under the guise of climate change and other “social justice” scams


10 posted on 02/27/2021 6:26:04 AM PST by silverleaf (In a time of universal deceit, telling the truth is a revolutionary act.)
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To: Safrguns

Our Founding Fathers would have burned down their buildings and houses by now.


11 posted on 02/27/2021 6:37:40 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: george76

What specifically is being put in place?


12 posted on 02/27/2021 6:40:10 AM PST by sauropod (#ImpeachMcConnell. #Resist. #NotMyPresident.)
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To: unixfox

Ok for Antifa... not ok for patriots.

That’s actually what they want us to do so they can justify our gun confiscation.


13 posted on 02/27/2021 6:41:24 AM PST by Safrguns
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To: george76

Big Business and Big Government go hand in hand.


14 posted on 02/27/2021 6:42:07 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: george76

Why couldn’t President Trump have issued executive orders saying breathing is good and stabbing yourself is bad? Then Biden would have recinded those and every Democrat would be stabbing themselves while holding their breath.


15 posted on 02/27/2021 6:58:13 AM PST by KarlInOhio (The greatest threat to world freedom is the Chinese Communist Party and Joe Biden is their puppet.)
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To: sauropod

One of the big things the Euros want is to be able to tax Google. Google says that they and their severs are in the US, therefore any advertising the do is in the US while the Euro governments want to charge a VAT on any ads shown to users in Europe and take a chunk of income tax.


16 posted on 02/27/2021 7:01:02 AM PST by KarlInOhio (The greatest threat to world freedom is the Chinese Communist Party and Joe Biden is their puppet.)
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To: Safrguns

I say we give them the guns....one round at a time.


17 posted on 02/27/2021 7:03:31 AM PST by july4thfreedomfoundation (Bite Me.....The Commander-in-Thief, Commander-in-Cheat, Illegitimate president!)
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To: HangnJudge

“I pledge allegiance to the Deep State for which it stands, One Global Government, under Satan, with limited liberty and our brand of justice for all”.


18 posted on 02/27/2021 7:03:59 AM PST by BipolarBob (Biden/Harris - the regime our Founding fathers warned us about.)
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To: HangnJudge

So much for National Sovereignty


Loss of Sovereignty under the unelected Regime will be the least of our problems


19 posted on 02/27/2021 7:58:53 AM PST by PIF (They came for me and mine ... now its your turn)
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To: george76

Globalists need moar walking around money


20 posted on 02/27/2021 9:17:08 AM PST by Steven Tyler
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