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EU plans new levy targeting large tech companies

Original: digitalsteuer

The European Commission is preparing to make big technology firms pay a new levy targeting very large companies, according to a Financial Times report picked up by German media. Discussion under the heading of a 'digital tax' is spreading in Germany, where the idea of making US tech giants contribute more has long been debated. The proposal would reportedly apply to major corporations rather than only digital platforms, and details such as rates and revenue thresholds remain to be clarified.

Why now: A fresh Financial Times report on Brussels' plan to tax Big Tech is drawing attention, especially in Germany.

European CommissionBig TechFinancial Times

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