EU industry chief: EU ready to act on digital tax, if OECD fails


Reuters | Updated: 20-01-2020 14:28 IST | Created: 20-01-2020 14:26 IST
EU industry chief: EU ready to act on digital tax, if OECD fails
File photo Image Credit: Wikimedia Commons

European industrial policy chief Thierry Breton said on Monday that if discussions at the OECD level on taxation for digital companies such as Amazon or Google do not bear fruit, the European Union will take action.

"I do not know any optional voluntary tax... On the big digital players, this is obviously not an option," Breton told a news conference. "If it cannot be reached, we would take up the issue at the level of the Commission," he added.

Breton added that European countries, which had failed to agree on a digital tax earlier, were now on the same line.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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