US studies plan to apply tariffs against countries with digital tax | International and Commodities

US studies plan to apply tariffs against countries with digital tax | International and Commodities
US studies plan to apply tariffs against countries with digital tax | International and Commodities

If the measure is adopted, the annual fee may reach $ 880 million per year, according to calculations made by the Bloomberg agency based on documents released by the Office of the US Trade Representative (USTR).

The plans are a response to countries that are charging taxes from American technology companies that operate internationally, such as Amazon, Google and Facebook.

American officials, such as Treasury Secretary Janet Yellen, have said in recent weeks that the Joe Biden government is committed to discussions on a global digital tax, which have been led by the Organization for Economic Cooperation and Development (OECD) since the last year.

However, US trade representative Katherine Tai said in a recent statement that the US government will keep other options on the table until an OECD agreement is reached.

The USTR called on the public to comment on plans to implement retaliatory tariffs. Public hearings on the topic will be held in early May.

The Internet Association, which brings together the main companies in the sector, praised the USTR initiative. “It is an important statement in combating these discriminatory trade barriers, as the United States continues to work to find a viable solution in the OECD,” the group said in a statement.

This content was originally published in Valor PRO.

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