Tag Archives: Digital Tax

CNBC: Trump’s hostility toward a digital tax could unite Europe to implement one, lawmaker says

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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