WASHINGTON DC – National Foreign Trade Council (NFTC) Vice President for Global Trade Policy Tiffany Smith issued a statement following the announcement by the White House of a Presidential Memorandum to address discriminatory tax or regulatory treatment of American companies abroad:
“We commend the Administration for focusing on the digital economy and for today’s actions aimed at addressing the discriminatory treatment of American companies abroad from digital services taxes (DSTs) and other similar measures. We also greatly appreciate the Administration’s support for a broad-based, permanent moratorium on customs duties on electronic transmissions.
“In the last couple of years, the United States has ceded its historical role as the global leader in shaping digital trade policies. This memorandum is a move in the right direction and a positive step towards restoring that leadership.
“We look forward to engaging with the administration and Congress on this issue to ensure that American companies are not targeted in foreign markets.”
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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.
