U.S., India reach agreement on digital services taxes

The U.S. will suspend its final outstanding Section 301 investigation into digital services taxes, the Office of the U.S. Trade Representative announced on Wednesday after the Treasury Department and India struck a transitional deal on how to handle New Delhi's e-commerce equalization levy until a new global tax framework is implemented. The U.S. last month suspended Section 301 probes into digital services taxes imposed by France, the United Kingdom, Spain, Italy and Austria and earlier this week reached a deal...