Home » US duties of 25% against digital taxes (also of Italy). But for 6 months they are suspended

US duties of 25% against digital taxes (also of Italy). But for 6 months they are suspended

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Announced and immediately suspended. It is the duties that the United States has imposed on 6 countries in response to the digital tax that target American technology companies.

The US government then communicated that it has decided to impose 25% tariffs on products imported from the UK, Italy, Austria, India, Spain and Turkey, in response to their digital services taxes that affect – and according to Washington they discriminate in an unjustified manner. – the US tech giants. The tariffs, however, will be suspended for six months in an attempt to negotiate a solution.

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US Trade Representative Katherine Tai said the tariffs are justified by the taxes imposed on US companies – such as Facebook and Alphabet – in the aforementioned countries, but that they will be suspended to find “a multilateral solution to a number of key issues. relating to international taxation ‘. Tai then added that he hoped to resolve the issue through the G20 and other international groups.

Still on the subject of taxation, 1 June Parliament and the EU Council reached an agreement on the publication – country by country – of the taxes paid by multinational companies.
The agreement between Parliament and the Council, which must be approved by both institutions, provides that companies with a turnover exceeding 750 million euros must publish the amount of taxes paid annually country by country. The goal is to enforce transparency and prevent companies from shifting profits to find the most convenient jurisdiction.

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