[Daily Mail, where America gets its news] - Mnuchin told four European counterparts that talks were being suspended
- He warned of US retaliation if Europe presses ahead with its own digital taxes
- Deal is intended to make firms pay according to their activity in each country
- The proposed deal is intended to make digital giants pay taxes according to their actual activity in each country, rather than shifting their profits to low-tax regimes such as Ireland or Luxembourg.
- Mnuchin also took aim at the digital services taxes which some countries including Britain and France have imposed but which Washington sees as unfair to US firms.
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