The United States and Turkey have agreed to terms for withdrawal of Turkey's digital services tax that largely targeted highly profitable U.S. technology giants and will transition to a new global taxation agreement in 2023, the Treasury said on Monday.
The agreement will allow for the termination of U.S. retaliatory trade measures imposed against Turkey and will take on the same terms agreed by Washington in October with Austria, Britain, France, Germany and Italy, the Treasury said.
A total of 136 countries agreed in principle to withdraw their digital services taxes as part of a sweeping global tax deal agreed on Oct. 8 to adopt a 15% global minimum corporate tax and grant some taxing rights on large profitable companies to market countries. The United States has not withdrawn its tariff threats against India over its digital services tax, aimed largely at U.S. technology companies such as Google
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These Smothered Turkey Wings Make Their Own Delicious GravyBrined until plump and juicy, braised until meltingly tender, and covered in a rich gravy, these turkey wings have all the flavor of the holidays, and none of the dry boringness.
Read more »
The Best Turkey Gravy RecipeCover turkey, mashed potatoes, and all your other sides in this glossy, balanced gravy made from stock, turkey parts, drippings, mirepoix, and soy sauce.
Read more »
Earthquake, Magnitude 4.0 - WESTERN TURKEY - 2021 November 21, 20:35:44 UTCMagnitude: M 4.0, Region: WESTERN TURKEY, Date time: 2021-11-21 20:35:44.6 UTC, Location: 36.20 N ; 31.17 E, Depth: 51 km.
Read more »
Turkey slams Greece’s attempt to push back migrant boats in Aegean sea'Humanity is once again trampled in the Aegean,' says Turkey’s Vice President Fuat Oktay after footage revealed that the Greek coast guard had opened fire on a boat carrying irregular migrants into Turkish territorial waters.
Read more »
Young Dolph Honored at Thanksgiving Turkey Giveaway He Helped Organize Before His DeathKnown for acts of charity in his hometown, Young Dolph had helped organize the event and was going to participate before he was fatally shot Wednesday (Nov. 17).
Read more »
Marcus Samuelsson tells Al how he makes turkey ramen with Thanksgiving leftoversThese Brussel sprouts are crunch, colorful, sweet, salty and delicious!
Read more »