Trump’s opposition to DSTs is not new: the Biden administration felt they disproportionately targeted US businesses and threatened 25 percent tariffs if they were not removed.
And I kind of agree. My understanding is that DSTs are taxes on gross revenues, not profits, and are therefore problematic. It should be net of expenses and apply only to activity in that region.
From the article:
“disproportionately targeted US businesses”
You want to have a monopoly, well guess what…
And I kind of agree. My understanding is that DSTs are taxes on gross revenues, not profits, and are therefore problematic. It should be net of expenses and apply only to activity in that region.