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EU, UK officials emphasize sunset provisions in digital tax proposals

November 8, 2018 at 9:27 AM
European officials this week stressed that proposals for taxes on digital services, which U.S. companies and trade groups have labeled as potential trade barriers and violations of World Trade Organization rules, would include a sunset clause that would terminate the taxes if a multilateral solution was reached. European Finance ministers met in Brussels on Tuesday to discuss a proposed EU-wide digital services tax. In March, the Commission proposed a 3 percent tax on companies with annual worldwide revenues over 750...

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