A worldwide agreement preventing taxes on digital downloads and streaming services has lapsed after international trade talks in Africa couldn't reach a deal. The World Trade Organization will restart negotiations in Switzerland following a standoff between the United States and Brazil.
An international agreement that prevented countries from imposing taxes on digital downloads and streaming services has come to an end, according to a high-ranking World Trade Organization official who spoke Monday.
Trade negotiations held in Cameroon aimed at extending this tax-free arrangement for digital commerce failed to reach a conclusion before the deadline, with discussions now moving to Geneva, Switzerland, as announced by the WTO conference leader to participating delegates.
A senior WTO representative, speaking on condition of anonymity, confirmed that fresh negotiations will commence to establish a new agreement preventing duties on digital transactions.
The discussions hit an impasse due to disagreements between the United States and Brazil regarding how long any new moratorium should remain in effect, with disputes centering on proposals to extend the arrangement beyond a two-year period.
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