EU plans digital tax despite US exiting negotiations
Despite the US leaving the negotiations, European Union officials say it will implement its own plans to tax digital services from Apple, Google, and more, unless a global deal is achieved this year. Having previously supported the European Union's aim of a global tax on digital services, the US has now withdrawn from negotiations. The EU says that it hopes a global agreement can still be achieved, but if not, it will implement the taxation plans of the Organization for Economic Co-operation and Development (OECD) anyway.
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