© Reuters. FILE PHOTO: Italy’s Economy Minister Daniele Franco speaks during a joint news conference with Italy’s Prime Minister Mario Draghi (not pictured) on the government’s new fiscal targets in Rome, Italy, September 29, 2021. REUTERS/Yara Nardi/File Photo
WASHINGTON (Reuters) – Italian Economy Minister Daniele Franco said on Wednesday that Rome will remove its corporate digital tax by 2024 in the light of the minimum tax of 15% that has now been agreed globally.
Speaking after chairing a meeting of Group of 20 finance ministers in Washington, Franco said national digital taxes were always “suboptimal solutions” and he expected other countries would take the same line as Italy in cancelling them.
“We expect national unilateral taxes to be removed by 2024,” he told reporters at a news conference.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.