US launches trade probe into digital taxes, ploughing ground for new tariffs

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WASHINGTON (REUTERS) - The United States is investigating digital services taxes being adopted or considered by Britain, Italy, Brazil and other countries, the US Trade Representative's office said on Tuesday (June 2), a move that could lead to new punitive tariffs and heighten trade tensions.. Read more at straitstimes.com.

WASHINGTON - The United States is investigating digital services taxes being adopted or considered by Britain, Italy, Brazil and other countries, the US Trade Representative's office said on Tuesday , a move that could lead to new punitive tariffs and heighten trade tensions.

"We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination." Broad negotiations through the Organisation for Economic Co-operation and Development to set a global standard for digital taxes have proven elusive, and the coronavirus pandemic has slowed them down.

 

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