US Treasury Secretary Janet Yellen announced in February the withdrawal of a safe harbour proposal which was a Trump administration initiative that would have allowed some companies to opt out of new global digital tax rules. Photo: Getty Images/TNS US Treasury Secretary Janet Yellen announced in February the withdrawal of a safe harbour proposal which was a Trump administration initiative that would have allowed some companies to opt out of new global digital tax rules. Photo: Getty Images/TNS
US Treasury Secretary Janet Yellen announced in February the withdrawal of a safe harbour proposal which was a Trump administration initiative that would have allowed some companies to opt out of new global digital tax rules. Photo: Getty Images/TNS
China economy

China urged to address global digital tax rules to avoid ‘new tariff war’ as G20 push for July consensus

  • In February, the US withdrew a safe harbour proposal, paving the way for a digital tax on the likes of Facebook, Google and Amazon
  • The Group of 20 hopes to reach a consensus over the digital tax by July, after some firms were accused of exploiting loopholes to minimise their tax bills

Topic |   China economy
US Treasury Secretary Janet Yellen announced in February the withdrawal of a safe harbour proposal which was a Trump administration initiative that would have allowed some companies to opt out of new global digital tax rules. Photo: Getty Images/TNS US Treasury Secretary Janet Yellen announced in February the withdrawal of a safe harbour proposal which was a Trump administration initiative that would have allowed some companies to opt out of new global digital tax rules. Photo: Getty Images/TNS
US Treasury Secretary Janet Yellen announced in February the withdrawal of a safe harbour proposal which was a Trump administration initiative that would have allowed some companies to opt out of new global digital tax rules. Photo: Getty Images/TNS
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