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2021-06-03 17:05:50 GMT2021-06-04 01:05:50(Beijing Time) Xinhua English ROME, June 3 (Xinhua) -- An effort launched by the European Union (EU) three years ago to create an international tax regime for digital multinationals is expected to bear fruit at the G20 (Group of 20) Finance Ministers and Central Bank Governors meeting next month, according to analysts and media reports. Negotiations for international levies referred to as the "digital tax" have been a major topic at finance ministries and treasury departments since the EU began work on its own version of a "digital tax" in 2018. A "digital tax" is designed to make it more difficult for multinational technology companies like Google, Facebook, and Apple to save on their tax bill by recording profits in countries with low tax rates.
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