NFTC Statement on the Extension of the Standstill on European Digital Services Taxes

WASHINGTON DC – National Foreign Trade Council (NFTC) President Jake Colvin today issued the following statement in response to the announcement of an extension of the Agreement on the Transition from Existing Digital Services Taxes (DSTs) to a New Multilateral Solution under the G20/OECD Inclusive Framework between the United States, Austria, France, Italy, Spain, and the United Kingdom.

“We applaud the Treasury Department negotiators for their work with the Governments of Austria, France, Italy, Spain, and the United Kingdom to continue the standstill on DSTs and avoid the need for retaliatory actions stemming from U.S. 301 investigations.

“We hope over the next few months the Inclusive Framework can continue their discussions and produce a viable Pillar One agreement. We urge the Treasury Department to consider the input from the business community and Congress as they work to finalize the Multilateral Convention.

“It is troubling that Canada continues to move ahead with plans to implement a DST instead of focusing on the successful conclusion of the OECD process.”


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.