EU to Bring Back Digital Taxes If OECD Deal Flops, Official Says

The European Union would revive the idea of a bloc-wide digital tax if the OECD-led international talks to overhaul taxation of some of the world’s largest companies fail, a senior EU tax official said Thursday.

The EU last year put work on a digital levy on hold, after the apparent success in October of the global tax agreement. Pillar One of the deal refers to the reallocation of some taxing rights. “Should Pillar One not materialize, it is unavoidable that there are again discussions on whether to have a digital levy,” Benjamin Angel, European Commission director for direct taxation, ...