PARIS (REUTERS) – The European Union said on Thursday (June 18) it could impose taxes on digital giants such as Google, Amazon and Facebook even without a global agreement by the year-end, after Washington quit talks and stoked fears of a new trade war.
The latest transatlantic row was ignited when the United States said on Wednesday it was withdrawing from negotiations with European countries over new international
tax rules on digital firms, saying talks had made no progress.
Nearly 140 countries are involved in the talks organised by the Organisation for Economic Cooperation and Development (OECD) on the first major rewrite of global
tax rules in a generation to bring them up to date for the digital era.
