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US Treasury Secretary Steven Mnuchin urges countries to suspend digital taxes

Mnuchin

Washington: US Treasury Secretary Steven Mnuchin on Wednesday urged countries to “suspend” their individual digital services taxes and to wait for an international taxation agreement on the matter to be negotiated by the Organisation for Economic Cooperation and Development (OECD).

“We urge all countries to suspend digital services tax initiatives in order to allow the OECD to successfully reach a multilateral agreement,” said Mnuchin in a letter to OECD Secretary-General Angel Gurria, dated Tuesday. He said that the US opposes taxes on digital services, popularly known as the “Google tax,” since they have a “discriminatory” impact on big tech firms based in the US, Efe news reported. (IANS)

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