CCIA Welcomes G7 Finance Ministers’ Support for Global Tax Deal

BY Heather Greenfield
June 5, 2021

Washington, DC — G7 Finance Ministers today expressed strong support for reaching an agreement this year on global tax reforms through the OECD negotiations.  The G7 Communiqué also committed to a “removal of all Digital Services Taxes, and other relevant similar measures, on all companies.” The Office of the U.S. Trade Representative recently investigated and concluded that national digital taxes discriminate against U.S. companies and violate trade agreements.

The Computer & Communications Industry Association has long advocated for consensus-based international tax reform and is encouraged that a global consensus appears within reach.

The following can be attributed to CCIA President Matthew Schruers:

“We applaud G7 leaders for their efforts towards ambitious global tax reform. A new framework will be key to ensure international stability and economic recovery. However, the work is not finished until the digital taxes that unfairly target U.S. businesses have been removed.”

Related Articles

CCIA Welcomes US-EU Summit Conclusions, New Trade and Technology Council

Jun 15, 2021

Brussels, BELGIUM — U.S. and EU leaders announced a recommitment to the transatlantic partnership to address global trade challenges, and the creation of a high-level EU-US Trade and Technology Council, at the conclusion of today’s EU-US Summit. Leaders also announced a resolution to the long running Boeing-Airbus trade dispute. The Computer & Communications Industry Association’s…

CCIA Welcomes US-EU Summit

Jun 14, 2021

Brussels, BELGIUM — U.S. and EU leaders will meet in Brussels June 15 for the EU-US Summit. The agenda includes “COVID-19, climate, trade and investment, technology, foreign affairs, and common values.” The Summit statement is expected to announce a new U.S.-EU Trade and Technology Council, which could help facilitate discussion on items such as artificial…

Global Coalition of Industry Groups Offer Digital Recommendations to G7 Leaders

Apr 9, 2021

Washington — The Computer & Communications Industry Association joined 16 other tech and business groups today to offer joint recommendations  for G7 leaders. The recommendations precede the  G7 Digital and Technology Ministerial on April 28-29. Representatives from tech organizations in each of the G7 countries and Europe plan to meet April 15 to further discuss…