Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

U.S., European Nations Reach Deal to End Digital-Tax Dispute

Oct. 21, 2021, 4:48 PM

The U.S. and five European governments reached an agreement resolving a trade dispute over digital taxes on some of the largest American tech giants, after nations reached a broader global accord to overhaul levies on big corporations.

Under the deal, the U.S., U.K., France, Italy, Spain and Austria agreed on “the transition from existing digital services taxes to the new multilateral solution, and have committed to continuing discussions on this matter through constructive dialogue,” according to a joint statement on the deal Thursday.

The agreement ends a long-running dispute that had threatened to derail a wider pact reshaping how countries ...