ITI Hails OECD’s Commitment to Draft Digital Services Tax Solution by Year-End

Nearly 140 countries and “jurisdictions,” working through the Organisation for Economic Co-operation and Development, “reaffirmed” their commitment “to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy,” said OECD Friday. Their goal is to reach an agreement by year's end, it said. Tech groups back obviating the need for France’s digital services tax and similar measures cropping up elsewhere, which they say can harm U.S. interests (see 2001020036). “We continue to support the OECD process as the best way to resolve this important issue and urge all nations to pursue the ongoing negotiations in a spirit of international cooperation,” said the Information Technology Industry Council.