US urges countries to suspend digital taxes, supports OECD talks


Mnuchin said there is 'broad support' for providing greater certainty on taxation. — Bloomberg

US Treasury Secretary Steven Mnuchin is urging countries like France to suspend taxes on global computing giants such as Google and Amazon and wait for a negotiated agreement on international taxation, according to a letter released Wednesday.

As the United States is poised to impose tariffs of up to 100% on US$2.4bil in French products over that country's digital services tax, Mnuchin said talks in the Organisation for Economic Cooperation and Development are key to resolving the issue.

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Big Tech , Digital Tax

   

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