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G-20 advances on digital tax after US drops key obstacle

G-20 advances on digital tax after US drops key obstacle
A global digital tax would target US internet giants such as Amazon, Facebook and Google
AFP
February 27, 2021
MILAN:
The G-20 looked closer to an agreement on Friday on a global digital tax after a change of heart from the United States removed a key stumbling block in the discussions.
Under the previous President Donald Trump, the US had insisted on a so-called safe harbour clause that would have effectively allowed big tech companies to comply voluntarily with a digital tax, blocking progress on a deal.
But in a videoconference with G-20 colleagues, new US Treasury Secretary Janet Yellen said her country will engage robustly in the talks and is no longer advocating for safe harbour ., a Treasury official told AFP. ....

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Facebook to review suspension of Trump's account

Facebook, like a number of other social media platforms, blacklisted Trump due to concerns that his posts were inciting violence following the riots at the US Capitol on Jan. 6. ....

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