✉news WorldEU Politics first seen 1 d ago, last 9 h ago, peak #37

Brussels plans new tax targeting Big Tech profits, report says

Original: Brussels looks to capture Big Tech through tax on large corporations, FT reports

The European Commission is drawing up plans for a tax on large corporations, with US technology giants the main target, according to a Financial Times report carried by Reuters. The proposal would aim to make major digital companies pay more of their revenues in the EU, adding to ongoing European efforts to tax and regulate Big Tech.

Why now: A fresh EU tax proposal aimed at US tech giants is likely to stoke trade and regulatory tensions, making it a talking point.

European CommissionBig TechEuropean UnionFinancial Times

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• Brussels looks to capture Big Tech through tax on large corporations, FT reports · Reuters

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