Tuesday, 12 January 2021
United States suspends tariffs over digital services tax
Written by Redazione
The U.S. Trade Representative reportedly has indefinitely suspended the imposition of 25% tariffs on imports of French goods, which are valued at around $1.3 billion annually and were due to go into effect on 06 January 2021. The USTR said suspending the action against France would allow the United States to pursue a coordinated response in its investigations into similar taxes in Britain, India, Italy, and other countries. The United States had announced the tariffs in July 2020 after France imposed a digital services tax on U.S. companies such as Amazon, Apple, Facebook, and Google.On 06 January 2021, the U.S. Trade Representative issued findings in its Section 301 investigations of digital service taxes adopted by India, Italy, and Turkey, concluding that although each of the taxes discriminates against U.S. companies, the United States would not take any specific actions in connection with the findings at this time. Photo by //unsplash.com/@christianw?utm_source=unsplash&utm_medium=referral&;utm_content=creditCopyText" style="box-sizing: border-box; background-color: initial; color: rgb(118, 118, 118); transition: color 0.1s ease-in-out 0s, opacity 0.1s ease-in-out 0s; text-decoration-skip-ink: auto;">Christian Wiediger on Unsplash |
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