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2018-12-30

【Cross-Border Tax】

INTERNATIONAL TAXATION: US backs alternative to EU digital tax plan

The US government is bringing forward proposals to preempt the European Union's plans for taxation of companies supplying cross-border digital services, US Treasury officials have revealed. It is lobbying the OECD for worldwide adoption of minimum tax rules similar to the US' global intangible low-taxed income (GILTI) regime, with some adjustments to the amount of group profit that can be allocated to various jurisdictions.

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