“If a multi-party agreement is not reached, the government will be able to evaluate how to modify the domestic tax on digital services, also taking into account the framework of international relations”. The Minister of Economy hypothesizes a possible scenario Giancarlo Giorgetti during question time by answering a question from the League on the web tax.
“Only the finalization of an international solution will allow uniform taxation of large multinationals, including digital ones, avoiding the fragmentation of national regulations and the risks of commercial tensions that may arise from the implementation of unilateral solutions”, underlined the minister, reconstructing the perimeter within which we move.
Focus OECD
“Already in October 2021 Italy, with France, Spain, the United Kingdom and Austria, had reached a transitional agreement with the United States on the digital services tax pending the international agreement. In fact, the United States considers these taxes discriminatory and restrictive of trade. Due to the postponement of the conclusion of the work on the First Pillar to June 2024, Italy and the other countries signatories to the political agreement have agreed to extend it until 30 June 2024″, explained the head of the Treasury.
“We are in March and intense work is being done at OECD level to define the open issues and reach an overall agreement on the first pillar that could lead to the signing of the multilateral convention by next June, this concertation – he highlighted – appears increasingly problematic inin light of the political and electoral dynamics of some large countries”.
(Teleborsa)
The article Web Tax, Giorgetti: “Without an agreement we will evaluate modification” comes from Verità e Affari.