Katherine tai, the US commerce consultant, introduced yesterday that further tariffs can be imposed on Spain and 5 different international locations, together with Austria, India, Italy, the United Kingdom and Turkey. This is finished as a result of all of them have accepted taxes on digital companies equal to the Spanish Google rate. However, they are going to be instantly suspended for 180 days to power a tax deal inside the OECD and G-20 international locations.
The Google tax takes its toll on Spain
The United States authorities have been reviewing the impression of such a tax on a few of its most necessary corporations akin to Google, Amazon or Facebook for a number of months. In truth, they’ve lengthy threatened to impose further tariffs and have lastly complied with it. In complete, it’ll have an effect on a listing of 27 tariff subheadings of products that may have an effect on exports akin to shrimp, shrimp, octopus, luggage and footwear. Imports of those products have been value $ 323 million a few years in the past.
In the phrases of Katherine Tai, “USA. is centered on find a multilateral solution to a wide range of matters related to international taxation, including our concern with taxes on digital services ”. Regarding the 180 days of suspension, he defined that: “USA. stays dedicated to discovering consensus on worldwide tax points by means of the OECD and the G20. The actions taken at the moment will enable time for these negotiations to proceed to make progress whereas sustaining the choice to impose charges if essential in the future. «
Be that as it could, from Washington they have already got the punishment ready in case these negotiations don’t attain a passable level for them. In truth, we’ve got a number of instances of senior US officers who straight advocate for the elimination of a majority of these charges. We will see how the matter stays and if Spanish corporations won’t be straight harmed by a brand new tax that hardly convinces virtually anybody.