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Trump administration to investigate foreign digital services taxes on online firms by 10 countries

Shortpedia

Content Team
Image Credit: shortpedia

US President Donald Trump's administration on Tuesday announced investigations into foreign digital services taxes it says are aimed squarely at American tech firms. "President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies," USTR Robert Lighthizer said in a statement. Trump administration said they are prepared to take any action to prevent their businesses.