UK Chancellor Says To Push For Changes To Global Tax Rules At G20 Meetings In Japan

MOSCOW (Pakistan Point News / Sputnik - 06th June, 2019) UK Chancellor Philip Hammond said on Thursday that he intended to promote changes to international tax rules at the upcoming G20 Finance Ministers meetings in Japan amid the growth of digital economy.

"Heading to Japan for G20 Finance Ministers meetings, where I'll continue to push for changes to global tax rules so they reflect how digital businesses create value. The digital economy has brought great benefits but it is moving at pace & international rules must be updated," Hammond wrote on Twitter.

Last year, Hammond announced plans to introduce a digital services tax on large tech companies' revenues to make them pay tax on the sales they generate in the United Kingdom.

The G20 Finance Ministers meetings will start in Japan's Fukuoka city on Saturday and will run through Sunday.