U.S. to Levy Tariffs Over Digital-Service Tax, but Suspend Implementation--Update
June 02 2021 - 11:59AM
Dow Jones News
By Yuka Hayashi
WASHINGTON -- The U.S. said Wednesday it will impose tariffs on
the U.K. and five other countries in response to their taxes on
U.S. technology companies -- but will suspend the levies for six
months to negotiate an international resolution.
U.S. trade representative Katherine Tai said investigations
determined that tariffs were justified because of digital services
taxes imposed on U.S. companies by the U.K., Austria, India, Italy,
Spain and Turkey.
But she said the tariffs would be suspended while the U.S.
focuses on finding "a multilateral solution to a range of key
issues related to international taxation."
She said the U.S. is looking to resolve the issue through Group
of 20 economic powers and other international groups.
The digital services taxes affect companies such as Alphabet
Inc.'s Google and Facebook Inc.
Write to Yuka Hayashi at yuka.hayashi@wsj.com
(END) Dow Jones Newswires
June 02, 2021 11:47 ET (15:47 GMT)
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