October 4, 2024
Mnuchin suggests U.S. won't back mandatory rules to curb digital services taxes
Treasury Secretary Steven Mnuchin this week told the head of the Organization of Economic Cooperation and Development that the U.S. had concerns with a proposed tax framework crafted to pre-empt the need for digital services taxes and suggested a new approach the OECD warned could imperil the timeline for concluding the negotiations. France’s digital services tax was the subject of a recently concluded Section 301 investigation by the Office of the U.S. Trade Representative, which this week proposed hitting $2.4...
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