U.S. pulled out of talks on digital services taxes

Towards US trade war with Europe

U.S. Treasury Secretary Steven Mnuchin decided to pull out of negotiations on digital services taxes with European Union officials after they failed to make any progress, U.S. Trade Representative Robert Lighthizer said on Wednesday.

Lighthizer told U.S. lawmakers that he still believed an international regime was needed to deal with taxation, but the talks with European countries were not proving fruitful.

“We were making no headway and the Secretary made the decision that … rather than have them go off on their own, you would just say we’re no longer involved in the negotiations,” he said during a hearing of the House Ways and Means Committee.

Bruno Lemaire, France Minister of Economy, has announced this morning that the taxation of GAFA revenues in Europe will resume immediately.

https://www.reuters.com/

 

Comments are closed.