Washington D.C. – National Foreign Trade Council President Jake Colvin issued the following statement following reports that the Administration is working multilaterally to extend the Digital Services Tax (DST) moratorium until the end of next year:
“We welcome the Administration’s efforts to extend the DST moratorium as countries continue their work to finalize the Inclusive Framework at the OECD. This should give Inclusive Framework negotiators time to ensure the final policies are administrable and not overly burdensome, rather than pushing to meet an artificial deadline.
“While this process concludes, it would be shortsighted for countries to move forward individually with implementing a web of discriminatory, country-specific DSTs before the outcome of Pillar One is clear.
“We hope that PIllar One negotiations will lead to an outcome that makes DSTs, which primarily target U.S.-based companies, obsolete. We urge countries participating in the Inclusive Framework negotiations to continue to participate in good faith and to agree to extend the moratorium past January 1, 2024.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.
