Europe Must Avoid US Digital Tax Retaliation, SAP Tax Head Says

Retaliatory measures from the US against European digital services taxes would have a defined impact on the continent’s competitiveness, a top tax official at German tech giant SAP warned.

“We cannot, as an exporting economy, really afford potential retaliatory measures, so this needs to be avoided,” Matthias Schubert, global head of tax at SAP, said in an interview with Bloomberg Tax.

Schubert said “one has to fear” retaliatory measures from the US, which he warned “will not only affect the digital area, it will affect other industries as well, like automotive and others. Almost everyone.”

The United States Trade ...