ÀÏ˾»úÎçÒ¹¸£Àû

Home/ USTR finds the UK DST to be discriminatory
Tax News

USTR finds the UK DST to be discriminatory

Published on: 20 January 2021
Published by a

Specialist Tax Regulatory Materials

news-detailpage-img

Article summary

The Office of the United States Trade Representative (USTR) has published the findings of its investigation into the UK digital services tax (DST) under section 301 of the Trade Act of 1974. This allows the US to implement retaliatory tariffs if ‘unfair trade practices’ are found to discriminate against US companies. The USTR found that the UK DST ‘is inconsistent with principles of international taxation, including due to application to revenue rather than income, extraterritoriality, and retroactivity’ and ‘burdens or restricts US commerce’.

Jurisdiction(s): USA, England, Northern Ireland, Scotland and Wales

News
Show more + Show less -
Guidance
Show more + Show less -

Popular Articles

Trusts and Inheritance Tax

Gifts out of surplus income

Gifts out of surplus incomeA valuable exemption from inheritance tax (IHT) applies to gifts out of surplus income. This exemption applies only to lifetime gifts and is therefore a key part of lifetime planning. The exemption applies to both outright gifts and gifts into trust. Gifts which meet the

14 Jul 2020 11:48 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more
Value Added Tax

Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more Read more
Personal Tax

Losses on shares set against income

Losses on shares set against incomeUsually, allowable capital losses can only be set against chargeable gains. If the losses are not fully utilised against gains in the year in which they arise, the excess is carried forward to use against future gains. See the Use of capital losses guidance note

14 Jul 2020 12:12 | Produced by Tolley Read more Read more