6/17/2020, 7:28 PM (Source: TeleTrader)
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US suspends digital tax talks - report

The United States has suspended its negotiations with European countries regarding the implementation of a global digital taxation system, the Financial Times reported on Wednesday.

US Treasury Secretary Steven Mnuchin said in a letter sent to the finance ministers of the United Kingdom, France, Spain, and Italy Washington was unable to agree even on an interim basis to the changes of the global taxation law, the news organization said.

In addition, the US official threatened to implement retaliatory measures against the countries if they implement their digital own taxes.

Breaking the News / MD