European internet 'digital services' tax supporters looking to give US a buy-in
by Sean Higgins | March 05, 2020 11:00 PM
A campaign of pressure from the White House has Europe's advocates of a "digital services" tax that targets U.S. companies such as Facebook and Amazon backing down for the time being as they look for alternative means to enact the tax, a global approach that would give the United States a buy-in.
The administration is giving it a listen. Treasury Secretary Steven Mnuchin told Congress in March that while the administration remains opposed to the taxes, it was nevertheless in talks with other members of the Organization for Economic Cooperation and Development, an intergovernmental organization that includes Europe and North America. "We have been working around the clock at the OECD to see if we can come up with a proposal that is acceptable to us, to Congress, and the business community," Mnuchin said.