U.S. Will Participate in Upcoming Global Digital Tax Discussions

The U.S. plans to participate in a meeting in early July to discuss an OECD-led effort to overhaul how the digital economy is taxed, a Treasury spokesperson told Bloomberg Tax Friday.

The confirmation of U.S. participation comes after Treasury said Wednesday it wanted to pause discussions over the effort. Earlier in the day U.S. Trade Representative Robert Lighthizer had said Treasury Secretary Steven Mnuchin was withdrawing the U.S. from the talks.

The U.S. also participated in a series of steering group meetings earlier this week, according to two sources familiar with discussions.

The effort, involving 137 ...