U.S. reaches deal with France, others, agrees to end tax probes

The U.S. on Thursday agreed to terminate its Section 301 investigations into digital services taxes imposed by France, the United Kingdom, Austria, Spain and Italy after reaching a deal on a transitional tax arrangement that will take effect until a new international framework negotiated by the Organization for Economic Cooperation and Development is implemented. Members of the OECD’s Inclusive Framework earlier this month announced they had agreed on the principles of the new structure and issued a moratorium on new...