Brussels considers taxing US tech firms through levies on large companies
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View chart & analysis → - 1Brussels is considering taxing large US tech companies through broad levies on major firms.
- 2The European Commission is reviewing an amendment to the CORE proposal that would require all companies in the EU with annual revenues over 100 million euros to pay an annual fixed levy between 100,000 and 750,000 euros.
- 3President Donald Trump threatened a 100% tariff in June on all goods imported from any country that imposes a digital services tax on US companies.
So what's the key point?
Europe is considering ways to tax large US tech companies that make a lot of money. If this plan passes, US companies may have to pay additional costs.
Source Reuters · View original ↗
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