Yellen and Mexican finance minister discuss digital taxation


MEXICO CITY (Reuters) – Mexican Finance Minister Arturo Herrera on Tuesday discussed with U.S. Treasury Secretary Janet Yellen the need for an international agreement on taxing the digital economy, Mexico’s finance ministry said.



Janet Yellen wearing a purple shirt: FILE PHOTO: Yellen holds a news conference in Washington


© Reuters/Jonathan Ernst
FILE PHOTO: Yellen holds a news conference in Washington



Janet Yellen standing on a stage: FILE PHOTO: Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion in Atlanta


© Reuters/CHRISTOPHER ALUKA BERRY
FILE PHOTO: Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion in Atlanta

Nearly 140 countries are currently negotiating the first update in a generation to the rules for taxing cross-border commerce, to account for the emergence of big digital companies like Google, Apple and Facebook.



a man wearing a suit and tie talking on a cell phone: Mexico's Finance Minister Arturo Herrera attends an interview with Reuters, in Mexico City


© Reuters/GUSTAVO GRAF MALDONADO
Mexico’s Finance Minister Arturo Herrera attends an interview with Reuters, in Mexico City

Ministers within the Organisation for Economic Cooperation and Development (OECD) last week expressed optimism that the new U.S. administration of President Joe Biden was more open to such a deal.

(Reporting by Frank Jack Daniel)

Video: The Brexit impact so far: paperwork, process and higher prices (Reuters)

The Brexit impact so far: paperwork, process and higher prices

UP NEXT

UP NEXT

Continue Reading


Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.










Opens in a new window
Opens an external site
Opens an external site in a new window