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January 26, 2020
by Mike Godfrey, Tax-News.com Washington 27 January 2020 On January 8, 2020, a bill was introduced in the Senate of the US state of Maryland that would impose a tax on revenues associated with digital advertising derived in the state. Under the bill – the first of its kind to be introduced into a US...
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by Mike Godfrey, Tax-News.com Washington 27 January 2020 On January 16, 2020, the US Senate voted to approve the US-Mexico-Canada Agreement, which will replace the existing North American Free Trade Agreement. Signed by the three governments on November 30, 2018, the USMCA maintains the tariff-free market access provided for by NAFTA. However, it also introduces...
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by Jason Gorringe, Tax-News.com, London 27 January 2020 The UK Chancellor, Sajid Javid, has said the UK intends to push ahead with the introduction of a digital services tax from April 2020, despite warnings from the US that it would consider tariffs on UK-made goods. Steven Mnuchin, the US Treasury Secretary, has indicated that the...
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by Ulrika Lomas, Tax-News.com, Brussels 27 January 2020 On January 22, 2020, French Finance Minister Bruno Le Maire confirmed that France will suspend collection of its digital services tax this year to prevent the United States from applying retaliatory tariffs on a range of French goods. Following talks with his US counterpart Steven Mnuchin against...
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