US condemns digital tax Italy, India, Turkey, does not issue tariffs, Telecom News, ET Telecom | Instant News

Washington: The United States on Wednesday criticized the taxes imposed on technology companies by Italy, India and Turkey, but held back from hitting those countries with punitive tariffs.

That US Trade Representative (USTR) said the Digital Services Tax adopted by the three countries “discriminates against US companies, inconsistent with applicable principles international taxation, and burdens or restricts US trade. “

However, “USTR is not taking any specific action in light of the current findings, but will continue to evaluate all available options.”

The decision was taken on the same day that a 25 percent tariff on $ 1.3 billion worth of French goods, including cosmetics and handbags by high-profile brands, will go into effect in retaliation for tech firms targeting the country’s taxes.

France has yet to back down from its plans to tax online giants including Google, Amazon, Facebook and Apple.

France and other European countries imposed levies after intense public pressure to make US multinationals pay a larger share of their income in taxes in the countries in which they operate.


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