Global tax deal: With MLC deadline gone, DSTs may be reinstated on tech cos

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Global tax deal: With MLC deadline gone, DSTs may be reinstated on tech cos - Business Standard

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After the two-pillar agreement was introduced in October 2021, a political deal was reached between the USA and several European countries including Austria, France, Italy, Spain, and the UK, to suspend unilateral digital services taxes (DSTs) on US tech giants such as Apple, Alphabet's Google, and Amazon.

The Multilateral Convention (MLC) for Pillar 1 of the landmark global tax deal has not been signed by the last date of June 30 and could lead to the digital services taxes making a comeback and some tensions within the Big Tech players, experts told Business Standard on Monday.