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NFTC Statement in response to UK Digital Services Tax Announcement

Washington D.C. - In response to today's announcement by the UK Government that it will introduce a consultation to impose a "Digital Services Tax" that would apply from April 2020, National Foreign Trade Council (NFTC) President Rufus Yerxa released the following statement:

"The NFTC is concerned that the concept of a Digital Services Tax threatens to undermine the long-held principle of permanent establishment that underpins worldwide taxation policies and is reflected in U.S. bilateral tax treaties, and is a cornerstone of the U.S.-U.K. tax treaty. This proposal could disproportionately affect American companies and may ultimately wind up interfering with the UK's trade commitments. If enacted, this measure could also complicate the United Kingdom's push for deeper US-UK trade relations."

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About the NFTC

Serving America's Global Businesses Since 1914- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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