Category: Business News
Taxing tech giants has long divided policymakers, but disagreements with U.S. President Donald Trump could drive Europe to step up levies on companies like Google and Facebook, a lawmaker told CNBC.
France, Austria and Italy are among the European countries that have implemented taxes on the tech companies at a national level, but there’s been a failure at the European Union level to agree on a joint levy.
The political and economic union of 27 countries failed to reach a consensus in March 2019, when four member states vetoed a common tax. At the time, Ireland, Sweden, Denmark and Finland said there should be a broader debate outside of Europe over a digital tax, before the EU implemented its own.
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Published: June 5, 2020