Biden Faces Tough Choices On Digital Taxes And Tariffs
Law360 (December 11, 2020, 7:47 PM EST) -- President-elect Joe Biden has given no indication he will de-escalate the Trump administration's trade war over France's levy on revenue from online activities, adding both pressure and complexity to negotiations for a global agreement on international taxes.
President-elect Joe Biden blasted outgoing President Donald Trump's "go-it-alone" trade policies but he also promoted a "Made in America" tax and trade policy. (AP Photo/Carolyn Kaster) The U.S. Trade Representative is set to enact tariffs as high as 25% on a range of French products, including makeup, handbags and soap, on Jan. 6 under Section 301 of the Trade Act of 1974. The administration...
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