The EU has said it will withhold plans to tax the online tech giant in light of global efforts to adopt a minimum corporate tax rate of 15%.
The move comes after the slotxo G20 finance ministers agreed over the weekend to support global efforts. This will now be done before the G20 leaders in October.
The EU says its own planning on ice will help achieve The "last mile" of international agreements is easier.But Ireland has announced it will keep the tax at a lower level of just 12.5%.
We have decided to suspend our work on our new digital tax bill,” European Commission spokesman Daniel Ferrie said. The announcement coincided with a visit to Brussels