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Digital tax: Löger meets US Treasury Secretary Steven Mnuchin Löger sets out Austrian position; comprehensive taxation of digital economy to be driven forward collectively at OECD level

Austrian Finance Minister Hartwig Löger took advantage of the IMF/World Bank meeting which took place between 11 and 14 April in Washington to set out to his US counterpart Steve Mnuchin the Austrian perspective on the national digital tax recently introduced for major digital corporations; "It was an extremely constructive engagement with the US Treasury Secretary, in which we were able to discuss different perspectives. We succeeded in clearing up uncertainties, such as, in particular, the precise structure of our digital tax package," said Finance Minister Hartwig Löger, following the discussion.

The two parties were in agreement that fair taxation in the digital age and negotiations at OECD level have the highest priority, explained Mr Löger. "Worldwide, digitalisation presents tax law with enormous challenges. For this reason, it remains key for us to make progress in the context of the international community of states. In this context, we have a strong ally in the form of the USA," added Mr Löger.

Throughout the country's EU Council Presidency, Austria campaigned for a collective European solution. Back then, I was already in discussions with US Treasury Secretary Steven Mnuchin in order to establish a link to the OECD solution. However, it is a fact that, both at a European and global level, there was a lack of coherent determination. For this reason, it was time for Austria to act. Austria is thus a pioneer of fair taxation in the digital age and is adding additional pressure to the negotiations aimed at achieving more comprehensive measures at an international level," concluded Mr Löger.