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.joker gameOnline Slots Articles Give away slot game formulas with techniques to win many gambling games. included here
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.The United States argued for immediate withdrawal of what it said were discriminatory fees on American tech giants like Amazon, Apple and Google, while the countries preferred to wait until the new tax regime was implemented.
"This compromise represents a pragmatic solution," the countries said in a joint statement.
Nearly 140 countries early this month reached a agreement on a 15 percent minimum tax under the auspices of the Organization for Economic Co-operation and Development (OECD).