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Siluanov announced a possible change in approaches to digital tax

2019-10-09T12:55:07.751Z

Russian Minister of Finance Anton Siluanov announced plans by the agency to change approaches to taxation of profits of digital companies, based on the models of some foreign countries.


“In the framework of the discussion of this issue at the twenty (G20. - RT ) and at the OECD (Organization for Economic Cooperation and Development. - RT ), we see a number of countries proposing to change approaches to taxation. There is a proposal also to move in line with those countries, ”RIA Novosti quoted Siluanov as saying.

He noted that at present, large digital companies with a wide range of customers are not represented in many places, and it is necessary to seek the payment of profit tax where "where the clients of such companies are located, that is, those jurisdictions where income is generated."

In August, finance ministers in the United States and France discussed on the sidelines of the G7 summit in Biarritz, a bill passed by the French authorities on taxation of major companies offering digital services.

Later, the French leader Emmanuel Macron said that countries were able to reach an agreement on a digital tax.

Source: russiart

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