×
211
Fashion Jobs
BUSY INFOTECH
Area Sales Manager - Amritsar / Ambala / Shimla
Permanent · Ambala
GRAND CHEMICAL WORKS
Area Sales Manager- Lucknow (gt Fmcg)
Permanent · Lucknow
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur (gt)
Permanent · Kota
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
SURYA FOOD AGRO LTD
Production Manager
Permanent · Greater Noida
SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
Permanent · Madhepura
PINKODE REALTY LLP
Hiring For Asm/Sales Managers
Permanent · Mumbai
FRQ BRO
Area Sales Manager - Oppo
Permanent · Pudukkottai
FLEETX
Area Sales Manager
Permanent · Tirunelveli
TEACHMINT
Area Business Manager
Permanent · Hubballi
MTC BUSINESS
Production Manager | Khopoli
Permanent · Khopoli
UGRAYA FOODS
Production Manager || Agartala (Tripura)
Permanent · Agartala
RELIANCE RETAIL
Area Sales Manager - Reliance Digital (Multiple Locations)
Permanent · Thiruvananthapuram
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Zonal Sales Manager/Area Sales Manager
Permanent · Pune
ALDER BIOCHEM PRIVATE LIMITED
Area Business Manager (Only For Generic Division)
Permanent · Varanasi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Asst. Manager Quality / Quality Line Officer- Garments Industry
Permanent · Bhiwandi
ACTIVEWEAR & TECHNICAL TEXTILE DIVISION (KUDU KNIT PROCESS PVT LTD - UNIT-III, LDH
Merchandising Manager (Activewear)
Permanent · Ludhiana
GOKALDAS EXPORTS
Executive / sr. Executive / Manager - Maintenance / Utility
Permanent · Bhopal
PAYSWIFT TECHNOLOGY PVT LTD
Area Sales Manager
Permanent · Kolkata
DODLA DAIRY
Area Sales Manager -Hyderabad , Nalgonda, Mahbubnagar
Permanent · Nalgonda
GOKALDAS EXPORTS
Manager - Operations - (Garments Background)
Permanent · Bhopal
By
Reuters API
Published
Jun 2, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

U.S. sets and suspends tariffs on six countries over digital taxes

By
Reuters API
Published
Jun 2, 2021

The United States on Wednesday announced 25% tariffs on over $2 billion worth of imports from six countries over their digital services taxes, but immediately suspended the duties to allow time for international tax negotiations to continue.




The U.S. Trade Representative's (USTR) office said it had approved the threatened tariffs on goods from Britain, Italy, Spain, Turkey, India and Austria after a "Section 301" investigation concluded that their digital taxes discriminated against U.S. companies.

USTR published lists of imports from the six countries that would face tariffs if international tax negotiations fail to reach a solution that prohibits countries from imposing unilateral digital services taxes.

USTR said it would impose 25% tariffs on about $887 million worth of goods from Britain, including clothing, overcoats, footwear and cosmetics, and on about $386 million worth of goods from Italy, including clothing, handbags and optical lenses. USTR said it would impose tariffs on goods worth $323 million from Spain, $310 million from Turkey, $118 million from India and $65 million from Austria.

The potential tariffs, based on 2019 import data, aim to equal the amount of digital taxes that would be collected from U.S. firms, a USTR official said.

The move underscores the U.S. threat of retaliation as finance leaders from G7 countries prepare to meet in London on Friday and Saturday to discuss the state of tax negotiations, including taxation of large technology companies and a U.S. proposal for a global minimum corporate tax.

U.S. tariffs threatened against France over its digital tax were suspended in January to allow time for negotiations.

U.S. Trade Representative Katherine Tai said she was focused on "finding a multilateral solution" to digital taxes and other international tax issues and was committed to reaching a consensus through the OECD and G20 negotiations.

"Today’s actions provide time for those negotiations to continue to make progress while maintaining the option of imposing tariffs under Section 301 if warranted in the future," Tai added.

Tai faced a Wednesday deadline to announce the tariff action, or the statutory authority under the Section 301 probes would have lapsed, one year after they were opened by the Trump administration.

A British government spokesperson said the UK tax was aimed at ensuring tech firms pay their fair share of tax and was temporary.

"Our digital services tax is reasonable, proportionate and non-discriminatory," the spokesperson said. "It's also temporary and we’re working positively with international partners to find a global solution to this problem. We will remove the DST when that is implemented."

© Thomson Reuters 2022 All rights reserved.

Tags :
Industry