Tech Coalition Wants Multilateral Tax Agreement for Digital Services
World leaders should commit to pursuing a multilateral approach on tax policy for digital services and avoid unilateral measures (see 1908190043), a tech industry coalition told member countries attending the G7 Leaders’ Summit, which begins Saturday. The Internet Association, Information…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
Technology Industry Council, ACT|The App Association, BSA|The Software Alliance, Computer & Communications Industry Association and various Japanese trade groups signed. They recommended leaders oppose forced disclosure of source code, algorithms, encryption keys or other sensitive data as a “condition of doing business.” They recommend leaders quickly agree on the World Trade Organization joint statement initiative on e-commerce and permanently implement a WTO moratorium on customs duties on electronic transmissions. The group seeks “open format and machine-readable data sets to foster innovation and competitiveness” in artificial intelligence technologies and to “enhance and generate business opportunities for small and medium-sized enterprises.” France's new digital sales tax, retroactive to Jan. 1, has attracted much skepticism from U.S. tech; the country's embassy hasn't commented.