欧洲领导人坚持将所有最大的互联网公司都纳入税收计划。20国集团财长将试图在7月达成初步协议。
Global policy makers will ensure that Amazon will develop their international tax plansIt is included, even if the American company's profit margin is below 10%, the proposed threshold that allows other countries to levy taxes.
Last week, G7 finance ministers agreed on a tax deal that redistributes some of the profits of large companies with profit margins above 10 per cent to other countries. Amazon estimates global operating margins at about 7.1 per cent this year. But Amazon will be included and details of how to design policies to incorporate the company are still being discussed, according to two people familiar with the matter.
Negotiators are studying how to set up the mechanism, people familiar with the matter said. This could include setting a threshold for individual businesses such as Amazon's higher-margin cloud computing, rather than the company as a whole, whose margins are weighed down by heavy investment and meagre retail margins.
European leaders insist that all the largest Internet companies be included in the tax plan. G-20 finance ministers will try to reach a preliminary agreement in July.
Us Treasury Secretary Yellen was asked about Amazon and Facebook at a news conference on Saturday.Inc. and others gave an affirmative answer as to whether they would be included in the agreement, but she did not say how the company would be covered given Amazon's low profit margins.
A Treasury spokesman on Monday declined to elaborate on how Amazon would be included in the plan. An Amazon spokesman referred to the company's statement on Saturday in support of the Gmur7 agreement.
