Interview with Juscelino Colares – Digital Tax

published on July 2, 2020

and tensions are rising between the

United States and Europe the EU wants to

tax America's high-flying tech companies

like Google and Facebook but the Trump

administration isn't too happy about it

the us pulled out of trade

negotiations last week saying the talks

had come to a standstill Treasury

secretary Steve minutia also warned that

the United States would retaliate if

Europe continued without it

unfazed by the threat the European

Commission said it will go ahead with or

without the United States French finance

minister called America's walkout a

provocation so today we have trade

expert an associate dean for global

legal studies at Case Western Reserve

University jucilene oka Lars jucilene oh

thank you for joining us thank you for

having me professor maybe you can

explain why the US might be dragging

their feet with this law well it's not

that the us is dragging their feet is

that the European are in a gigantic

hurry to basically start taxing us

digital services companies which are

industries where the unite United States

companies have world leadership such as

Google Facebook etc so the United States

wants to make sure that whatever new

rules evolve we have a fair system where

not only us industries are targeted and

of course the Europeans would say that

you know there's sales on taxes here

American companies are making money here

why shouldn't we be able to tax them

what do you think of that argument oh

absolutely but in every trade

relationship there has to be balancing

well the United States is was looking

for in these negotiations under the

auspices of the OECD the Organization

for Economic Cooperation and Development

was the development of a global standard

in terms of new rules for international

taxation then look at not only global

digital services but also at other

industries that new and new new ways of

taxing profits of corporations etc so

it's a broader

discussion so since we're going to if

we're going to have taxes on digital

services we might as well open the

discussion and look at the entire set of

taxable events of international business

why only target US companies then and

the United States perceived very early

that this is not the direction that

conversations were going and this is why

the United States pulled out and do you

have any idea was there a specific

sticking point that you know was the

catalyst to this pulling out or are you

sure yes the the European countries EU

countries and the UK were they only

wanted to talk about taxing US companies

and the United States says well this if

this is going to be the only

conversation we're going to yet having

here this is a non-starter we in order

for us to reach when rules we need to

see you know the full range the full

scope of taxable activity in

international business why are you only

why do you only want to discuss services

in digital services right where the

United States obviously has a lead and

we have a lead because we provided a

regulatory environment that was very

favorable for lower you know

deregulation lower or no regulations and

you see problems in the US right now

with respect to you know First Amendment

and freedom of expression issues that we

are having because these companies are

largely unregulated been unregulated so

the Europeans didn't do that they

pursued a different way so now they want

to make up some of that slack and they

only want to tax 296 United States is

not saying let's not tax these companies

the United States saying if we tax these

companies let's work

for standard rules and let's talk about

you know taxing standard rules for

taxing international business in general

not only digital services so and by the

Europeans only want to talk about taxing

digital services

okay great first thank you very much for

your time today is we'll keep an eye on

it hopefully we'll have you back again

soon thanks very much

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