Expressing strong opposition to the imposition of digital services taxes by other countries that discriminate against United States companies.

Hozzl · 2023-12-15T15:51:34Z

Explore the details of House Bill 268 Expressing strong opposition to the imposition of digital services taxes by other countries that discriminate against United States companies. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

12/15/2023, 3:51 PM

Summary of Bill HRES 268

Bill 118 HRES 268, titled "Expressing strong opposition to the imposition of digital services taxes by other countries that discriminate against United States companies," is a resolution introduced in the US Congress. The purpose of this resolution is to voice the Congress's disapproval of digital services taxes that are imposed by other countries and that unfairly target American companies.

The resolution highlights the importance of fair and non-discriminatory taxation policies in the digital economy. It emphasizes that digital services taxes should be based on international agreements and standards to ensure a level playing field for all companies operating in the global market.

Furthermore, the resolution calls on the US government to take action against countries that implement discriminatory digital services taxes. It urges the administration to use diplomatic and economic tools to address these unfair practices and protect American businesses from being unfairly targeted. Overall, Bill 118 HRES 268 aims to protect US companies from discriminatory taxation policies imposed by other countries and to promote fair competition in the digital economy. It underscores the importance of upholding international standards and agreements to ensure a level playing field for all businesses.

Congressional Summary of HRES 268

This resolution calls on (1) all other countries to cease and desist from implementing any digital services tax and to immediately stop unfairly targeting U.S. companies, and (2) U.S. government agencies to use all available methods and resources to protect U.S. companies from the discriminatory effects of digital services taxes. It also supports Congress looking at additional tools to address tax discrimination among U.S. trading partners, including tax countermeasures.

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Current Status of Bill HRES 268

Bill HRES 268 is currently in the status of Bill Introduced since March 30, 2023. Bill HRES 268 was introduced during Congress 118 and was introduced to the House on March 30, 2023. Bill HRES 268's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 30, 2023

Bipartisan Support of Bill HRES 268

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HRES 268

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill HRES 268

Expressing strong opposition to the imposition of digital services taxes by other countries that discriminate against United States companies.Expressing strong opposition to the imposition of digital services taxes by other countries that discriminate against United States companies.

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