The U.S. Department of the Treasury has announced that a compromise agreement has been reached with Austria, France, Italy, Spain, and the UK on a transition from existing Digital Services Taxes (DSTs) in these countries 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 agreement, which is included in a joint statement by the countries concerned, essentially provides that any DST liability that U.S.…