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EU, UK envoys see better chance for global tax progress under Biden

·1 min read

WASHINGTON, Feb 8 (Reuters) - The British and EU ambassadorsto Washington on Monday said they were encouraged by signs thatthe Biden administration will reengage in multilateral talks onreforming global tax rules after those talks stalled underformer President Donald Trump.

European Union Ambassador Stavros Lambrinidis told a tradeconference he felt "great optimism" that Treasury SecretaryJanet Yellen had shown a willingness to return to talks beingled by the Organization for Economic Cooperation andDevelopment, adding that it was "obvious that digital companieshave to pay more tax. It's just the fair ... thing to do."

Britain's ambassador to the United States, Karen Pierce,said her country had imposed a unilateral digital services taxin theory, but was not collecting it "precisely to encourage theadministration to come and negotiate with us and others."(Reporting by Andrea Shalal; Editing by Leslie Adler)