Bloomberg Tax
Oct. 21, 2021, 9:39 PM

Digital Tax Deal Avoids Trade War, But Other Issues Remain

Isabel Gottlieb
Isabel Gottlieb
Michael Rapoport
Michael Rapoport
Senior Reporter, Bloomberg Tax

A deal between the U.S. and five European countries on digital taxes will help avert a trade war—though broader questions remain about rolling back those taxes as countries work to implement a new global tax deal.

The deal will see the U.S. step back from the brink of imposing tariffs on Austria, France, Italy, Spain, and the U.K. over measures those countries have aimed at U.S. tech giants.

According to Thursday’s announcement, the five countries will remove their digital services taxes when the new global agreement goes into effect, and also offer a credit to companies for any digital ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

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.