Washington, D.C. - Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) released the following statement after the European Union abandoned proposed plans for a new tax on digital services:
“The EU’s abandonment of their proposal for a new digital services tax is welcome news. As I have said in the past, introduction of a new tax targeting cross-border digital services would have singled out a key global industry dominated by American companies and would have been a clear revenue grab. The new idea for a tax on advertising revenue that is being floated by some countries is similarly flawed and is appropriately being greeted with significant skepticism. Rather than pursuing measures like this that would result in double taxation, countries should continue working together through the OECD framework on the important global dialogue regarding the digital economy."
