Business · 6 hours ago
Brussels Eyes a Back Door to Tax Apple, Meta and Google
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The European Commission is weighing a levy on large corporations that would sweep in US tech giants without targeting them directly, the Financial Times reported. Changes to its CORE proposal could make every company with EU revenue above €100 million pay an annual lump sum. The move aims to raise EU funds while avoiding retaliation from Donald Trump, who has threatened tariffs over digital taxes.
Reported by Investing.com (Reuters) · How we write briefs