77
Fashion Jobs
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
GUESS
Sales Advisor (Greece)
Permanent · ATHENS
By
Reuters API
Published
Jun 8, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

Big tech supports global tax, but wants digital services levies axed

By
Reuters API
Published
Jun 8, 2021

U.S. tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15% corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.


Reuters


The deal, reached Saturday, was designed to reduce companies' incentives to shift profits to low-tax offshore havens and could bring hundreds of billions of dollars into government coffers.

The statement on the U.S. Treasury Department website touting the deal also discusses the "removal of all Digital Services Taxes, and other relevant similar measures, on all companies."

Facebook Inc was quick to praise the deal, and Alphabet Inc's Google followed suit: "We strongly support the work being done to update international tax rules. We hope countries continue to work together to ensure a balanced and durable agreement will be finalised soon," said spokesman Jose Castaneda.

The industry wants levies like France's 3% tax on certain online revenues removed. In 2019, France applied a 3% levy on digital services revenue earned in France by companies with revenues of more than 25 million euros there and 750 million euros worldwide. It suspended collection in early 2020 while negotiations were underway on international tax rules.

Levied on revenue rather than profit, the taxes have become an increasingly popular way for countries to balance their budgets, said Matthew Schruers, president of the Computer and Communications Industry Association. CCIA members include Facebook, Google and Twitter.

He noted that the communique over the weekend set expectations that digital services taxes will be repealed. "Companies are supportive of these global tax talks and the minimum tax is the price of tax certainty."

Adam Kovacevich of the Chamber of Progress, whose partner companies include Amazon.com Inc, Facebook and Twitter Inc, agreed, saying that big companies had been targeted for the past five to 10 years by "discriminatory digital services taxes" and wanted a different system for taxing corporations.

NetChoice, which also has Facebook and Google among its members, had a different view.
"More taxes means higher costs for consumers and less R&D spending, at the same time the administration and Congress are clamoring for more R&D to compete with China," President Steve DelBianco said in a statement.

DelBianco was unimpressed with the possibility of the deal scrapping digital services taxes. "That 15% tax is a floor -- not a ceiling, and it’s not likely to stop European governments from enacting new digital taxes and taking antitrust action to hurt U.S. companies."

© Thomson Reuters 2024 All rights reserved.

Tags :
Industry