U.S. Treasury Secretary Steven Mnuchin has urged all countries to suspend plans for digital services taxes that Washington believes unfairly target U.S. tech companies, to allow the Organization for Economic Cooperation and Development to reach an agreement on international taxation.
In a letter to the Organization for Economic Cooperation and Development (OECD) dated Dec. 3, Mnuchin underscored U.S. concerns about digital services initiatives launched by France and other countries that target revenues, not profits.
MacDailyNews Take: Oui.