• Friday, February 21, 2020 - 16:17

    By Brooke Migdon

    WASHINGTON (MNI) - The OECD will work to advance digital tax guidelines at a G20 meeting this weekend, a senior official told MNI Friday, warning an impasse could stoke trade tensions.

    "No one wants to see the alternative," Grace Perez-Navarro, a deputy director of tax policy, said Friday in an email. "A slew of unilateral, uncoordinated digital services taxes and the trade war that would ensue."

    Leaders are convening in Saudi Arabia and one panel focused on tax and digitalization is expected to include U.S. Treasury Secretary Steven Mnuchin and French Finance Minister Bruno Le Maire. France shelved plans to collect a tax on digital services earlier this year until a larger solution is reached at the OECD. The U.S.