U.S. and Turkey Reach Compromise on Digital Services Tax

The U.S. Department of the Treasury has issued a joint statement with Turkey regarding a compromise agreement on a transition from Turkey's existing Digital Services Tax (DST) to the new multilateral solution agreed to under Pillar 1 of the OECD's two-pillar solution for reforms to the international tax framework. The two sides have agreed that the same terms agreed to earlier by the U.S. with Austria, France, Italy, Spain, and the UK will apply with respect to Turkey's DST. The terms of the…