The exchange of information is a key driver of today’s digital economy. International trade cannot be performed without business owners’ ability to transfer data across national borders, and multinational enterprises’ (MNE) internal operation relies on the ability to move data among countries where they have business presence. Accordingly, data has come to the center of [...]
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UK, France, Italy, Austria and Spain announce repeal of digital services tax
A joint statement from the United Kingdom, France, Italy, Austria, and Spain was released Thursday announcing that there would be a repeal of their ‘Digital Services Taxes’ (DSTs). This follows an agreement with the five countries and the Department of the Treasury in conjunction with the OECD in relation to section 301 tariffs relating to digital [...]
The G7 countries announced Saturday an agreement establishing a 15 percent global tax rate on large multinational corporations. Finance ministers from the US, UK, Canada, France, Japan, Germany, and Italy met in London to discuss the question of global taxation, which has been in discussion for almost ten years. As part of this deal, the [...]
US blocks Venezuela from proceeding with WTO sanctions dispute
The US blocked Venezuela Friday from pursuing its dispute over US sanctions at the World Trade Organization (WTO). The Biden administration does not recognize Nicolás Maduro as the legitimate president of Venezuela, due to claims of election manipulation and illegitimate presidency. Instead, the administration recognizes Juan Guaidó as the interim president. Throughout 2020, the US imposed [...]
Trump administration to investigate EU and other countries implementing taxes on digital services
US Trade Representative (USTR) Robert Lighthizer said Tuesday that the Trump administration will investigate several countries over the implementation of taxes on digital services, which are suspected to discriminate against US companies. Initiating a Section 301 investigation under the Trade Act of 1974 will give the USTR broad authority to respond to a foreign country’s [...]
JURIST Guest Columnist Larry Catá Backer, of Pennsylvania State University discusses consequences of President elect Trump's rejection of the TTP ... The Trans Pacific Partnership (TPP) and its European twin, the Transatlantic Trade and Investment Partnership (TTIP), mean to provide...
Federal appeals court allows US Trade Representative to withhold documents
The US Court of Appeals for the District of Columbia Circuit ruled Friday that the US Trade Representative (USTR) can legally withhold classified documents regarding free trade negotiations under the Freedom of Information...
Panama legislature passes copyright law with heavy fines for violators
The National Assembly of Panama on Wednesday approved a controversial new copyright law that allows authorities to fine infringers without a trial or civil lawsuit. The bill would grant broad...
US lawmakers approve trade agreements with Colombia, Panama, South Korea
The US House of Representatives and Senate on Wednesday gave final approval to three free trade agreements, marking the first time in several years that the US has formed a trade partnership. The House and Senate voted...
US Senator Ron Wyden (D-OR) stalled a bill on Friday that would allow the federal government to block websites allegedly participating in copyright infringement. The Combatting Online Infringement and Counterfeit Act (COICA) aims to discourage...
