Transatlantic trade tensions are at risk of boiling over with several European countries vowing to move ahead with plans to tax tech companies operating within their borders in spite of a U.S. threat to retaliate with tariffs.
The U.S. said on Wednesday that it would withdraw from a long-running effort at the Organisation for Economic Cooperation and Development to develop a global tax, and has threatened retaliatory tariffs against any nations that impose levies on the digital revenue of American companies.
Spain, Italy, France and the U.K. are ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.