Views Article – Sharenet Wealth

Europe, News

Mnuchin flags ‘arbitrary’ retaliation for UK digital tax

DAVOS, Switzerland, Jan 22 (Reuters) – The United States would consider “arbitrary” taxes on British car firms if the UK government imposed a digital tax on big U.S. technology firms, Treasury Secretary Steven Mnuchin said.

“International tax issues are very complicated and take a long time to look at. If people want to just arbitrarily put taxes on our digital companies, we’ll consider arbitrarily putting taxes on car companies,” Mnuchin said at the World Economic Forum in Davos, Switzerland on Wednesday.

Speaking alongside Mnuchin, British Finance Minister Sajid Javid said Britain would still go ahead with its digital service tax in April. (Reporting by Balazs Koranyi and Dmitry Zhdannikov; Editing by Alexander Smith)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Array ( )