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Daily Tax Report: International

Trump’s New Trade War: Digital Taxes Explained (Video)

June 19, 2020, 4:01 PM

Will the next trade war be over digital taxation? In the past year, nearly a dozen nations have announced intentions to claw back revenue from tech companies doing business in their country, but without a physical presence there. In response, the U.S., where many of the tech companies are based, has opened trade investigations into 9 countries and the European Union. This video, featuring Bloomberg Tax’s Isabel Gottlieb, explains how digital taxes work and whether the international community can find a solution to this growing global rift over how to tax the digital economy.

To contact the producer of this video: Andrew Satter in Washington at asatter@bloomberglaw.com

To contact the executive producer responsible for this video: Josh Block at jBlock@bloombergindustry.com

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