Industry groups and tax professionals are echoing US President Donald Trump’s view that the digital services taxes implemented by a number of countries target mostly American tech companies.
Their criticism comes as countries reconsider the tax—either to appease Trump or to wield it as a bargaining chip—in response to the punitive tariffs he announced against trading partners April 2.
The president is imposing a 20% tariff on imports from the EU, a 10% tariff on the UK, a 24% tariff on Japan, and a 46% tariff on Vietnam, among others. In a report released ahead of the tariff announcements, the ...
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