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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 ...

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