Digital tax talks in spotlight at G20 meet as US tariff threat looms

Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.

The so-called “Pillar 1” arrangement, part of a 2021 global two-part tax deal, aims to replace unilateral digital services taxes (DSTs) on US tech giants including Alphabet’s Google , Amazon.com and Apple through a new mechanism to share taxing rights on a broader, global group of companies.