Talks to remove digital taxes should end tariff risks -U.S. Treasury officials

FILE PHOTO: The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg

WASHINGTON (Reuters) - Negotiations over the withdrawal of existing digital services taxes after a landmark corporate tax deal should ultimately end the threat of tariff wars between the United States and several countries over the levies, U.S. Treasury officials said.

In the OECD tax agreement, 136 countries last Friday agreed to adopt a 15% minimum corporate tax and partly re-allocate taxing rights for large, highly profitable companies to countries where they sell products and services.