Brady: Mnuchin is Right, Now Is Not the Time for Countries to Impose New Digital Taxes
Washington, D.C. — The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement after Treasury Secretary Steven Mnuchin sent a letter to multiple finance ministers warning them not to press forward with plans for new digital taxes:
“I agree with Secretary Mnuchin that this is not the time to be imposing a punitive new tax on mainly U.S. companies–which also erodes America’s tax base, making it more difficult to meet the long-term needs of our country as we recover from COVID-19.
“Members of Congress will continue working with the Administration to ensure that the OECD is realistic and open to our ideas on how to move forward. It would be a mistake for foreign governments to impose taxes unilaterally that target American companies.”
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