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U.S. Closes In on Deal This Week to Halt Europe’s Digital Taxes

Oct. 19, 2021, 4:31 PM

The U.S. and several European countries are expected to announce as soon as this week the details of an agreement to end a long-running trade battle over digital taxes that ensnared the largest American tech firms including Facebook Inc. and Amazon.com Inc.

The deal will include the U.S., U.K., France, Italy, Spain and Austria, with the European countries pledging to withdraw so-called digital services taxes when a broader international pact on corporate taxation comes into force between now and 2023, according to people familiar with the matter who spoke on condition of anonymity because the talks were private.

In ...