You've successfully subscribed to Adlive Content Hub
Great! Next, complete checkout for full access to Adlive Content Hub
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info is updated.
Billing info update failed.
Taxes are emerging for digital giants

Taxes are emerging for digital giants

Taxes on advanced technologies are becoming a reality in the EU. While US companies such as Facebook and Google play a growing role in Europeans’ daily lives, they pay little tax to their governments. For years, countries have reduced corporate taxes to attract businesses abroad. Now, this trend reverses for the first time, with France’s decision last week to impose a 3% digital tax on large tech companies that make money for its citizens, reports New York Times.

Britain has revealed similar taxation projects, like the European Union as a whole. The Trump administration is investigating whether a digital tax would be an unfair commercial practice, as it would have a disproportionate impact on US companies. In addition, the Economic Cooperation Organization is seeking a global solution.