The Office of the U.S. Trade Representative has announced the next steps in its Section 301 investigations of digital service taxes adopted by Austria, India, Italy, Spain, Turkey, and the United Kingdom, which the U.S. contends discriminate against U.S. digital companies, are inconsistent with principles of international taxation, and burden U.S. companies. At the same time, USTR is terminating its investigations of Brazil, Czech Republic, Indonesia, and the European Union because these jurisdictions have not adopted or implemented the DSTs that had been under consideration.
USTR is proposing to impose additional tariffs of up to 25 percent on goods imports from Austria, India, Italy, Spain, Turkey, and the UK, which would yield aggregate additional duty revenue of $880 million. Duties to be collected on each of these countries would be $45 million for Austria, $55 million for India, $140 million for Italy, $155 million for Spain, $160 million for Turkey, and $325 million for the UK. Goods subject to these tariffs would be drawn from preliminary lists of products for each of the six countries.
- Posted by Joe DeSilvetri
- On April 1, 2021
- 0 Comments