Digital tax
There is a growing opinion among states that tech giants are exploiting tax rules and there is need to establish a global framework to tax them from where they operate.
In January, 137 countries agreed to negotiate a deal on how to tax tech multinationals by 2020-end, under the auspices of the OECD.
European countries, in particular, say the so-called GAFA — Google, Apple, Facebook and Amazon — are unfairly exploiting tax rules that let them declare profits in low-tax havens, depriving them of a fair share of their fiscal payments.
However U.S. slaps the moves as discriminatory against them.
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