Austria, France, Italy, Spain, the United Kingdom and the United States announced on Thursday 21 October that they had reached an agreement on the transitional application of the digital levies in place in the first five countries until Pillar I (reallocation of taxation rights) of the reform of international business taxation agreed in early October by 136 countries at the OECD (see EUROPE B12808A2) is implemented.
Under the terms of the agreement announced on the eve of the G7 Trade...