Thursday, 1 November 2018

United States ups the ante, warns of retaliatory action over UK Digital Tax

Senior leader of the Republican Party in the US and Chairman of the House Ways & Means Committee, Kevin Brady, issues strongly worded statement warning European nations and specifically the UK, over the Digital Services Tax (DST) proposal; Mr. Brady terms the 'unilateral' DST proposals as 'troubling' and that it seeks to pre-empt the ongoing global dialogue on the taxation of digital economy; Finally, he warns of "appropriate actions" by the USA through a review of America's tax & regulatory approach, to ensure a level playing field in global markets. 

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