LONDON (AP) — A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their dues, and warned that failure to adopt it would make the economic recovery from COVID-19 harder.
The Paris-based Organization for Economic Cooperation and Development, which advises the world’s top economies, will be presented to Group of 20 finance ministers meeting this week and could be implemented by mid-2021 if an agreement is reached. The group estimated the measures could raise an extra $100 billion in corporate tax revenues annually.
The OECD has been trying to find a compromise among more than 135 countries on digital taxes, spurred by longstanding demands from France and other European Union nations for U.S. digital giants like Amazon and Google to pay their fair share. The U.S., however, has resisted.
France’s plan for its own tax on digital business has angered
PARIS (Reuters) – France’s data privacy watchdog CNIL recommended on Thursday that websites operating in the country should keep a register of internet users’ refusal to accept online trackers known as cookies for at least six months.
In specifying a registration timeframe, the guideline goes beyond European Union-wide data privacy rules adopted two years ago, adding an extra hurdle that a data protection lawyer said would put some of the companies exploiting such tools to target advertising out of business.
Under the CNIL guideline, which the watchdog said must be adopted by March, internet users have the right to withdraw their consent on cookies – small pieces of data stored while navigating on the Web – at any time and they can refuse trackers when they go on a website.
“The internet user’s silence actually implies a refusal (to accept cookies),” said Etienne Drouard of American-British law firm Hogan Lovells.