Washington D.C. – National Foreign Trade Council (NFTC) Vice President for Global Trade and Innovation Jake Colvin released the following statement in response to USTR’s issuance of findings in Section 301 investigations of Digital Service Taxes (DSTs) adopted by India, Italy, and Turkey, and the decision to delay tariff actions in response to France’s DST:
“USTR’s investigations lay bare just how discriminatory and destructive these digital services taxes are to U.S. interests and the global economy. In addition to harming American interests, efforts by India, Italy, Turkey, France and others to move forward with these unilateral taxes threaten the global tax system and make it more difficult to find a consensus to the challenges of the digitization of the economy at the OECD. Given this week’s announcements by USTR, it will be imperative for the Biden Administration and Congress to urgently explore the most effective means to compel these countries to reconsider these damaging policies.”
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 its member companies through its office in Washington D.C.