Europe mulls slapping US Big Tech with digital tax to help finance economic recovery from Covid-19 ...United Arab Emirates

Russia Today - Economy
Europe mulls slapping US Big Tech with digital tax to help finance economic recovery from Covid-19
source : Russia Today ( United Arab Emirates ) () 65
Tech giants like Google, Facebook and Amazon could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the Covid-19 crisis, CNBC has reported, citing its sources. “We see digital goods/services tax conversations advancing most rapidly in Europe, where the scale of ambition to use the EU budget to finance economic recovery from coronavirus may see Brussels taking an increased interest in the attractive potential tax base of e-commerce and digital services,” said David Livingston, an analyst at the research firm Eurasia Group. The European Commission is expected to unveil new spending plans this wee

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