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Senators Push Back On Global Digital Taxes, While US Pulls Out Of OECD Technology Tax Talks

 
• By Sue Darcey

Two US senators said last week that Organization for Economic Cooperation and Development (OECD) member countries should drop plans to impose digital taxes on US businesses – a scheme that would impact firms that make digital health devices, including Apple, Siemens, Johnson & Johnson and IBM.

technology, health care and people concept - close up of woman hands checking pulse by smartwatch with heart icon on screen
Digital watches that can perform cardio-biomonitoring, like the Apple Watch, is just one example of US-made products on which some European countries want to impose a global digital tax

US Senate Finance Committee leaders – including chairman Chuck Grassley (R-IA) and ranking member Ron Wyden (D-OR) – said on 18 June they oppose an international economic forum’s plans to impose global digital taxes on US tech companies, including makers of digital health devices.

“We strongly encourage OECD [Organization for Economic Cooperation and Development] member countries to abandon plans for digital services taxes on US businesses and to continue working toward an agreement toward...

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