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 tariff proposed on goods from Austria, India, Italy, Spain, Turkey, and the U.K. was approved follo...
Source: thehindu.com