US Seals Agreement To End European Digital Taxes | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

US Seals Agreement To End European Digital Taxes

The United States has resolved a key point of trade friction with Europe after inking a deal to end controversial digital services taxes on American tech giants.

Washington said Thursday it will remove punitive tariffs on products from Austria, France, Italy, Spain and Britain as part of the deal -- a critical step in improving frayed relations even though the duties were never imposed.

Under the joint agreement, those countries will end taxes on Big Tech companies once a global minimum corporate tax deal takes effect, which is expected in 2023.

Any levies paid for the DSTs in the interim will be credited to future tax bills, according to the deal.

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