About: Tech tax

EU ready to hit big US tech firms with 3% turnover tax

Large digital companies with significant revenues in the European Union such as Google and Facebook could face a 3% tax on their turnover under a draft proposal by the European Commission.

EU tells tech firms it wants to tax profit, not revenue

The European Commission told top digital firms on Wednesday (7 March) that its favourite choice to reform online taxation would be a new method to tax profits rather than revenues, a move the industry welcomed.

EU agrees to draft proposal to raise taxes on internet giants

A majority of member states agreed to start preparing a new levy on digital companies to compensate for low-tax regimes that cost billions of euros to European governments.