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Mnuchin Says Congress Key Hurdle to Europe’s Digital Tax Demands

European finance chiefs arrived at a meeting of their global peers in Riyadh demanding the urgent creation of a new global tax system for the 21st century that would capture the profits of tech multinationals. U.S. Treasury Secretary Steven Mnuchin responded: it’s not that simple.

U.S.-France Digital Tax Truce

The U.S. and France have agreed to a truce in their dispute over digital taxes, according to a French diplomat. It means punitive tariffs won’t be imposed by either side for the rest of this year. Bloomberg’s Caroline Connan reports on “Bloomberg Markets: European Open.”

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