The Trump administration had insisted on a so-called safe harbour clause in the OECD tax that effectively would have allowed big tech companies to comply voluntarily, blocking progress on a deal.
US Drops Key Obstacle To Global Digital Tax: Treasury
02/26/21 AT 12:31 PM
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.
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HELSINKI
A Finnish nurse has made headlines by appearing to disprove pharmaceutical company Pfizer wrong with regards to its estimate that every vial of the COVID-19 vaccine is enough for five jabs, by demonstrating that seven people can be vaccinated using one vial. Read more.
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BRUSSELS
Flemish health minister rejects calls to prioritise youngsters in vaccination. A group of about 40 people from various sectors in Flanders have written a letter asking for young people between 16-25 years to be considered an “essential” group and be given priority in Belgium’s vaccination campaign. Flemish Minister of Health Wouter Beke rejected the idea. Read more.