COVID-19 Saps US Trade Threat On Digital Taxes: OECD Official

Thursday June 4, 2020

Pascal Saint-Amans, director of OECD’s Center for Tax Policy and Administration, asserts that the U.S.’s potential retaliatory tariffs on countries that impose digital service taxes on American companies have lost some effectiveness due to COVID-19. With foreign trade diminished due to the pandemic, countries are exporting less goods. This means tariffs will be a less potent tool for the U.S.