Digital tax tussles: The Hindu Editorial on preventing a tariff war
The world cannot afford a tariff war to protect digital sector, which has low-tax operations The United States announced and then immediately suspended a whopping 25% tariff rate on over $2 billion of imports from six countries including India, signalling Washington’s intent to act punitively on its long-held grouse with these nations for their digital services taxes primarily impacting Silicon Valley tech giants. The office of the U.S. Trade Representative (USTR) Katherine Tai said that the...
Source: thehindu.com