Following a meeting of EU Finance and Economy Ministers of the Eurogroup on 12 July 2021, which was attended by U.S. Treasury Secretary Janet Yellen, EU Commissioner for Economy Paolo Gentiloni announced that the European Commission will put its plans for the introduction of a digital levy on hold. The decision follows the recent G20 agreement on the two-pillar solution to address the tax challenges arising from the digitalisation of the economy and is primarily in response to pressure from t…