US Presses Europe to Reconsider Plans for New Digital Tax (2) – Bloomberg Law

The U.S. is pressing European officials to reconsider plans to enact a new digital tax across the 27 member European Union, in a dispute that threatens to undermine significant progress made recently toward a global corporate-tax agreement.

Ahead of this week’s meeting in Venice among finance ministers from the Group of 20 economies, U.S. Treasury Department officials indicated in a call with reporters Tuesday that a potential digital-tax proposal might fall afoul of a deal struck last week that aims to eliminate so-called digital service taxes. The U.S. believes such taxes discriminate against U.S. companies.

Treasury officials on Tuesday’s call …

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