Trump demands retaliation: tariffs against countries with digital taxes!
Trump demands retaliation: tariffs against countries with digital taxes!
In a troubling step, US President Donald Trump has announced that it would introduce tariffs to imports from countries that raise digital service taxes on American technology companies. Among these countries there is also Austria, which has been raising digital tax since 2020. This tax hits large US tech giants such as Google, Facebook, Apple and Amazon and have already employed previous US governments. According to Trump, what foreign governments do to American companies in relation to digital services, "terrible". He has signed a memorandum that shows his government to examine countermeasures to counteract these practices, such as Oe24 reported.
Digital tax in Austria brought around 100 million euros to the cash registers in 2023 and affects companies that generate significant sales from online advertising. Before the coalition negotiations, there was also an increase in digital tax to renovate the budgets. In addition, other countries, including France, Italy, and Canada, have introduced similar taxes that bring in well over two billion dollars. Trump has already announced that retaliatory measures against Canada and France continue to take the tensions in international trade.
global discussion about digital taxation
In the context of these developments, the introduction of global digital tax is discussed worldwide. As reported in international tax law, as reported in international tax law, as reports
Trump’s impending tariffs and the ongoing negotiations on international tax models could have a significant impact on global trade relationships and the way digital companies are taxed. The tension between the United States and the European countries is increasing, while the world continues to struggle to create a fair and effective tax framework for the digital economy.
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| Ort | Österreich, Land |
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