EU: Mnuchin expreses concern over Digital-Tax Plans

Italy and Britain will face U.S. tariffs if they proceed with a tax on digital companies such as Alphabet Inc.’s Google and Facebook Inc., U.S. Treasury Secretary Steven Mnuchin warned.

Mr. Mnuchin issued the warning after France agreed to delay the imposition of its own digital tax in the face of threats of steep U.S. tariffs on French exports. Mr. Mnuchin said French President Emmanuel Macron agreed to hold off on the tax through the end of the year while the two countries work out a permanent resolution….

Full Content: Wall Street Journal

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