Four EU Countries Offer to Limit Digital Tax Proposal After U.S. Threat

France, the United Kingdom, Spain and Italy have offered to limit their proposed digital tax after the U.S. threatened to slap tariffs on goods from those countries. In a letter to Treasury Secretary Steven Mnuchin obtained by Bloomberg News, the finance chiefs of those countries said this approach “would considerably ease the task of achieving a consensus-based solution and make a political agreement within reach this year.”