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TEHRAN, Mar 12 - The proposal of the European Commission for an interim tax, actively lobbied by Paris, has faced severe opposition in Brussels and Washington, as the EU already has VAT, an income tax based on the customer's location.
TEHRAN, Young Journalists Club (YJC) - The Romanian Presidency of the EU announced there has been no agreement on the tax despite months of negotiations. According to Eugen Teodorovici, Romanian Minister for EU Funds, European officials will be focused on trying to elaborate a common stance on the issue at a global level.
The plan is supposed to impose an additional tax aimed at giant tech corporations’ digital sales, in order to curb the practice of paying global levies in countries with lower tax rates.
Source: Sputnik News
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