House reconciliation bill includes measures to retaliate against DSTs

House reconciliation bill includes measures to retaliate against DSTs

The 2025 budget bill passed by the House on Thursday includes provisions saying the U.S. must impose higher taxes on countries with “unfair foreign taxes,” including digital services taxes -- frequent targets of the Office of the U.S. Trade Representative in recent years. The sweeping tax and spending bill includes a section titled “enforcement of remedies against unfair foreign taxes” that defines such taxes as undertaxed profits rules, digital…