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July 4, 2020 04:00 am

Fresh Calls For Guarantees on Digital Taxation in Future UK-US Trade Deal

One of America's largest internet advocacy groups has published a six-point wish list for a future UK-US trade deal, including calls for no unilateral digital taxes. From a report: The Internet Association's new white paper calls for a future trade deal to include provisions to ensure the free flow of information between the two countries, a guarantee to not unilaterally impose taxes on digital services companies and a guarantee that "measures do not undermine the intermediary liability protections." The new paper suggests that any potential new taxation on digital services should be set up in "an internationally coordinated manner." The Internet Association, which was set up by companies such as Facebook and Amazon, said in its white paper that the UK now exports $34.8bn to the U.S., an increase of 56 percent from 2006 to 2017. Meanwhile, $48.8bn is exported from the US to the UK. Internet Association director of trade policy Jordan Haas said: "The US and the UK lead the world in digital technology and this agreement should include policies that will bolster that success."

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