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U.S. Treasury Pushing Against Unilateral Action on Taxing Digital Sales

29 October 2018

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Proposed Changes

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United States-European Union

Following the recent letter from the U.S. Senate Committee on Finance to the EU regarding concerns with the Commission's proposed three-percent digital services tax, U.S. Treasury Secretary Mnuchin has issued a brief statement on concerns with unilateral action. Although the EU is not mentioned in the statement, it is obviously directed towards the EU's proposals. --- Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today regarding digital tax proposals: "Treasury is working very closely with the OECD and our counterparts there to address issues of base erosion and fair taxation. We believe the issues are not...