The United States has terminated the duties imposed on goods from six countries due to the digital tax

We are talking about Austria, Great Britain, India, Spain, Italy, and Turkey.

The United States announced and then immediately suspended customs duties on goods from Austria, the United Kingdom, India, Spain, Italy, and Turkey, which had previously imposed digital taxation on American companies. This is stated in a statement issued on Wednesday by the office of the US representative for trade negotiations Katherine Tai.

It notes that the Washington administration “announces and immediately suspends tariffs” on goods from six countries as part of a year-long investigation into the introduction of digital taxes by these countries against US companies. “The final decision on these investigations is to impose additional duties on certain goods from these countries while suspending these duties for up to 180 days to allow additional time to complete the ongoing multilateral negotiations on international taxation in the OECD and G20,” the document says.

“The United States is focused on finding a multilateral solution to some key issues related to international taxation, including our concerns about taxes on digital services,” Tai explained. – The United States remains committed to reaching consensus on international tax issues through the OECD and G20 processes. Today’s actions give time for these negotiations to continue while preserving the possibility of imposing tariffs if justified in the future.” Earlier, French Economy and Finance Minister Bruno Le Maire said that Paris expects the Washington administration to join the agreement on the introduction of the OECD digital tax before the beginning of the summer (June 21, according to the procedure adopted in France).

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor

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