France, Germany punt on European digital services tax proposal

France and Germany on Tuesday issued a new proposal for a tax on internet advertisements that could serve as a potentially fatal blow to the European Commission’s push to impose a digital services tax targeting U.S. companies, which the U.S. business community had branded a violation of international trade rules. EU finance ministers met on Tuesday to discuss a declaration issued by France and Germany that greatly pared down the Commission’s March proposal for a 3 percent tax on a...