Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Big Countries Also Worry Over Tax Sovereignty: Jamaican Official

June 2, 2021, 6:05 PM

Wealthy nations share the concerns of developing countries about giving up tax sovereignty in international negotiations over digital taxes, a senior Jamaican official said Wednesday.

“It is not clear from discussions that are ongoing whether developed countries are willing to give up their fiscal policy rights, certainly in terms of unilateral measures,” Marlene Nembhard Parker, chief counsel on international tax matters for the Jamaica tax administration, said during a webinar.

The Organization for Economic Cooperation and Development is currently steering nearly 140 countries toward an agreement to address concerns that multinationals, particularly tech companies like Google and Facebook, aren’t ...

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