U.S. to impose tariffs over digital taxes, but action on hold for now

Politics Economy

The United States said Wednesday it will impose tariffs on six countries such as Britain and India over their taxes on U.S. tech companies, but noted that the action will be put on hold amid ongoing negotiations on international taxation. The announcement from the Office of the U.S. Trade Representative followed an investigation it started in June last year into the digital services taxes being considered or adopted by U.S. trading partners -- Austria, Brazil, Britain, the Czech Republic, the European Union, India, Indonesia, Italy, Spain and Turkey. The United States sees such taxes as a conc...

Kyodo News

Kyodo News