Search Results for keywords:"U.S. commerce"

The Maritime Administration (MARAD) is inviting public comments on its plan to renew an information collection for the Construction Reserve Fund (CRF) program, which offers tax deferral benefits to U.S.-flag vessel operators. This program aims to support the construction and modernization of U.S. merchant vessels essential for national defense and U.S. commerce. The application process requires vessel owners in foreign or domestic commerce to participate, with an estimated annual burden of 90 hours for respondents. The public can submit their comments within 30 days of this notice's publication.

The Office of the United States Trade Representative has determined that Austria's Digital Services Tax (DST) is unfair or discriminatory towards U.S. companies and negatively impacts U.S. commerce. The DST applies a 5% tax on certain large companies' digital advertising revenues within Austria. The U.S. Trade Representative found that the tax discriminates against American digital companies and contradicts principles of international taxation. As a result, they plan to take further actions under Section 301 of the Trade Act to address these issues.

The Office of the United States Trade Representative (USTR) has decided that Turkey's Digital Services Tax (DST) is unfair and discriminates against U.S. businesses, causing problems for U.S. trade. The tax targets companies based on digital services and revenue criteria, disadvantaging American companies. This conclusion came after an investigation and consultations with Turkey, during which public opinions and expert advice were considered. The USTR plans to take further actions under Section 301 of the Trade Act in response to these findings.

The Office of the United States Trade Representative (USTR) has issued a notice regarding India's Digital Services Tax (DST). The USTR found that India's DST is unfair or discriminatory and negatively impacts U.S. businesses. This tax applies only to non-resident companies and is imposed on revenue instead of income, which is against international tax principles. Further actions will be considered under Section 301 of the Trade Act to address these issues.

The Office of the United States Trade Representative (USTR) determined that the United Kingdom's Digital Services Tax (DST) is unreasonable and discriminatory towards U.S. digital companies. The tax targets certain online services and has revenue thresholds that disadvantage U.S. businesses, while also conflicting with international tax principles by applying to revenue instead of income. This tax is seen as an unreasonable burden on U.S. commerce, and further proceedings will decide what actions, if any, the U.S. will take in response.

The Office of the United States Trade Representative (USTR) has issued a notice regarding Spain's Digital Services Tax (DST), which they believe is unfair and discriminatory against U.S. digital companies. The tax, which Spain enacted to collect fees on certain digital services, is seen as a burden on U.S. commerce and is actionable under Section 301 of the Trade Act. After an investigation and consultations with Spain, the USTR determined that Spain’s DST discriminates against specific U.S. companies and contradicts international tax principles. This ruling will lead to further proceedings to decide potential actions against Spain.

The Office of the United States Trade Representative (USTR) has launched a Section 301 investigation into Nicaragua's actions concerning labor rights, human rights, and the rule of law. This investigation aims to determine if Nicaragua's practices are unreasonable or discriminatory, negatively affecting U.S. commerce. A public hearing is scheduled for January 16, 2025, and the USTR is inviting public comments and testimony on these issues until January 8, 2025. The investigation will examine evidence of violations and seek to determine the appropriate response.