Thu. Feb 6th, 2025

EU to unveil plan for tech giants’ tax reform

The European Commission is set to propose a new tax on digital revenues for tech companies such as Google, Amazon and Facebook, according to draft documents seen by the Financial Times. The plan, which could be announced as soon as next week, would see the tech firms paying tax on their revenues in European countries where they generate sales, even if they do not have a physical presence.

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