US suspends tariffs in 6 countries in dispute over digital taxes – 02/06/2021

US suspends tariffs in 6 countries in dispute over digital taxes - 02/06/2021

WASHINGTON, 2 June 2021 (AFP) — The US government on Wednesday (2) announced a six-month suspension of any punitive charges imposed on Spain, the United Kingdom, Italy and three other countries, while resolving a dispute over taxes by digital services. Did OECD and G20.

“The United States remains focused on finding multilateral solutions to many important related issues [ao sistema de] international taxes, including our concerns about taxes for digital services,” Business Representative Catherine Tai said in a statement.

Washington has decided to suspend tariffs “for 180 days to give countries more time” to complete ongoing multilateral negotiations on international taxation in the OECD and G20 process, which also includes Austria, India and Turkey. has gone.

The suspension comes after more than a year of tax investigations that Washington has been discriminatory against big US tech companies like Apple, Amazon, Google, Facebook and Netflix.

The USTR has made it clear that it has the option of levying punitive duties on goods produced in countries that have adopted this type of tax.

Donald Trump’s government had already suspended the application of these tariffs, which would initially go into effect on January 6.

President Joe Biden’s government is promoting the idea of ​​a global minimum tax rate of 15% for corporate income, which seeks to limit competition between countries to occupy company headquarters on the basis of a lower tax burden.

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Will Smith

About the author: Will Smith

Will covers public and private tech markets from New York. He was previously a Knight-Bagehot Fellow in Economics and Business Journalism at Columbia University, and prior to that was a reporter at the Los Angeles Business Journal. He has received a Journalist of the Year award from the L.A. Press Club and an investigative reporting award from the Society of American Business Editors and Writers.

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