Discussion

• @ians_india @ians_india on x

  The #US announced that it has reached a deal with Austria, the UK, France, Italy and Spain on digital services taxes (DSTs) during the interim period prior to the implementation of Organization for Economic Cooperation and Development (OECD) global tax agreement. https://twitter.…

• @alexcobham Alex Cobham on x

  The US statement on the UK and others giving up DST revenues makes clear this was achieved with the threat of sanctions: “Turkey and India, the other two countries covered by the DST investigations, have not joined in the agreement.” https://ustr.gov/... h/t @SoongJohnston

• @soongjohnston Stephanie Johnston on x

  @danieldbunn @USTradeRep Yup. If this doesn't get resolved soon, better stock up on Indian shrimp and basmati rice and Turkish rugs and tile before the end of November...

• @davidheniguk David Henig on x

  Quite interesting this, in that the countries concerned can continue to levy digital taxes with an adjustment when the global tax agreement comes into force. But does that happen, in other words can the US ratify? https://twitter.com/...

• @william_bain William Bain on x

  Good news tonight - no US s. 301 tariffs to be imposed on UK goods from 29 November as agreement reached between US and others on digital services taxes... https://home.treasury.gov/...

• @arappeport Alan Rappeport on x

  The US has agreed to let Austria, France, Italy, Spain, and the United Kingdom keep their digital services taxes in place until “Pillar 1” of the global tax deal is enacted. (TBD) Taxes that are being collected between 10/8/21 and then can be credited. https://home.treasury.gov/.…

• @samuelmarclowe Sam Lowe on x

  Trade war: dodged. https://twitter.com/...

• @richard_asquith Richard Asquith on x

  Fair well then DST's. It was brief as you join the list of bad taxes whose time never came. We will speak of you fondly in tax conferences for years to come https://twitter.com/...

• @mathiascormann Mathias Cormann on x

  Important agreement today between the US and some key partners re transitional arrangements for current digital services taxes. This complements the historic deal on international taxation reached on 8 October and significantly lowers trade tensions. https://home.treasury.gov/...