US relinquishes its ‘safe harbour’ request in digital tax negotiations

March 01, 2021

US Treasury Secretary Janet Yellen told the G20 finance ministers that the US will drop its calls for a ‘safe harbour’

Multilateral agreement on digital taxation is more likely now that the Biden administration has removed the Trump-era ‘safe harbour’ requirement on pillar one, but some experts say technical details may still need negotiating beyond July 2021.

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