Tech Sector Bodies Call for New Effort in Global Talks on Digital Taxation

BY Heather Greenfield
February 10, 2021

Technology sector organisations techUK, the City of London Corporation, Allied for Start-ups, the Developers Alliance and the Computer and Communications Industry Association (CCIA) have today issued a joint letter calling for a new effort from the U.S., EU and UK to agree a common approach to the taxation of the digital economy at the OECD.

The organisations are calling on the U.S., EU and the UK to work together to bring the discussions at the OECD to a conclusion in 2021. This is vitally important as the proliferation of national digital taxes could lead to trade disputes threatening a renewed atmosphere of partnership.

The signatories to the letter represent nearly a thousand of technology companies across the U.S., UK and EU, start-up representatives from 33 countries and a network of 70,000 software developers.

The letter comes after the Biden Administration’s Treasury Secretary, Janet Yellen, indicated her support for an international solution at the OECD while the UK Chancellor Rishi Sunak hosted a recent meeting of G7 finance ministers and Central Bank leaders aiming to tackle global challenges, including a solution on tax challenges created by digitalisation on the economy.

The letter has been shared with the Finance Departments of the EU’s Member States, the European Commission, the UK Government and the U.S. Treasury.

The full letter can be found here.

Related Articles

European Media Freedom Act: Fight Against Disinformation and Illegal Content Requires Balanced Relationship Between Media and Online Platforms

Sep 16, 2022

Brussels, BELGIUM — The European Media Freedom Act presented by the European Commission earlier today seeks to introduce new rules to safeguard the independence and pluralism of Europe’s media. The “must-carry” obligation included in the proposal, however, could be abused to force social media and other online platforms to spread disinformation or illegal content, the…

New EU Cybersecurity Rules Are Well-intended, but Introduce Unnecessary Red Tape

Sep 15, 2022

Brussels, BELGIUM – The European Commission presented today a new Cyber Resilience Act (CRA), seeking to create extensive approval processes that a wide range of digital products and services would have to undergo before they can be sold and used on the EU market. The Computer & Communications Industry Association (CCIA Europe) supports the Commission’s…

EU Rules to Fight Child Sexual Abuse Should Be Future-proof and Respect Fundamental Rights

Sep 12, 2022

Brussels, BELGIUM – Legislation to combat and prevent child sexual abuse (CSA) proposed by the European Commission has an important role to play in protecting children in Europe and beyond. The CSA Regulation puts forward new obligations for online service providers to detect, remove and report child sexual abuse material (CSAM), as well as the…