Any tax targeting only digital companies is discriminatory, says US Treasury Secretary Mnuchin

Any tax targeting only digital companies is discriminatory, says US Treasury Secretary Mnuchin
  • Clock-gray 17:00
  • calendar-gray 25 January 2020

United States Secretary of the Treasury Steven Mnuchin said on Saturday that any tax specifically imposed on tech companies would be discriminatory, APA reports citing Sputnik.

The statement comes after the official vowed earlier this week to impose a tariff on EU auto imports if London or Paris proceeds with implementing the digital tax.

The new tax has already come into force in Italy, imposing a 3 percent levy on some tech revenue for companies with more than €750 million in global revenue.

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