WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin decided to pull out of negotiations on digital services taxes with European Union officials after they failed to make any progress, U.S. Trade Representative Robert Lighthizer said on Wednesday.
U.S. Trade Representative Robert Lighthizer speaks at a Senate Finance Committee hearing on President Donald Trump’s 2020 Trade Policy Agenda on Capitol Hill in Washington, D.C., U.S., June 17, 2020. Anna Moneymaker/Pool via REUTERS
Lighthizer told U.S. lawmakers that he still believed an international regime was needed to deal with taxation, but the talks with European countries were not proving fruitful.
“We were making no headway and the Secretary made the decision that … rather than have them go off on their own, you would just say we’re no longer involved in the negotiations,” he said during a hearing of the House Ways and Means Committee.
A Treasury spokeswoman had no immediate comment.
Lighthizer’s comments marked…
Source news reuters.com, click here to read the full news.