EC delays planned digital tax under US pressure

EC delays planned digital tax under US pressure

EC delays planned digital tax under US pressure — — -Brussels (Brussels Morning) The European Commission is to delay its planned tax on digital services as it considers objections by the US against such taxes on national levels.

The US is concerned that the EU plan, which was to have been proposed later this month, could jeopardise efforts to introduce a global minimum corporate tax, Reuters reported on Monday.

One EC official warned that the new digital tax could undermine plans for a global minimum corporate tax.