The U.S. Senate Finance Committee Chairman Charles Grassley (R-IA) and ranking member Ron Wyden (D-OR) continue to voice concerns with regard to a proposed EU tax on digital services.
Grassley and Wyden late last month sent a joint letter summarizing these concerns to Treasury Secretary Mnuchin. Read the January 2019 letter [PDF 381 KB]
Yesterday, Chairman Grassley made a statement on the Senate floor asserting that the European Commission’s proposal to impose a 3% digital services tax on the revenues of multinational companies would specifically target U.S.-based multinational companies. Grassley urged the Treasury Department to participate in the ongoing digital service tax project at the OECD and to reach consensus on a “long-term, multilateral solution.”
KPMG is hosting a webcast on Friday, February 15, 2019, to address issues relating to recent developments concerning the taxation of the digital economy and the proposed digital services tax. For more information or to register for the webcast, click here.
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