Despite U.S. stance, EU countries still focused on digital services taxes

European finance ministers continue to insist on focusing international tax negotiations on digital businesses, a stance that the U.S. believes unfairly targets U.S. technology companies, despite U.S. Treasury Secretary Steven Mnuchin’s recent threat to walk away from the talks due to the ongoing stalemate and the need for governments to deal with the pandemic. The negotiations are aimed at developing a deal that supersedes the digital services taxes several countries are considering or have imposed. The U.S. has threatened to...