Digital Taxes to Be Phased Out After OECD Deal Implemented (1)

June 16, 2021, 3:30 PM; Updated: June 16, 2021, 6:36 PM

Unilateral digital services taxes won’t be removed immediately even if an agreement to remove them is reached at a July Group of 20 meeting, a senior Italian official said.

There needs to be coordination between the time the global, so-called Pillar One solution is applied and the time the unilateral taxes are removed, Fabrizia Lapecorella, director general of finance in the Italian Ministry of Economy and Finance, said during a pre-taped interview for Bloomberg Tax’s virtual Leadership Forum on Wednesday.

Coordination will be necessary at the the technical level, she added, noting that beyond the political attention there would ...

To read the full article log in. To learn more about a subscription click here.