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According to a report in Britain's “Financial Times” on Wednesday, Brussels is considering taxing US tech giants by imposing extensive taxes on large enterprises. The move is aimed at increasing revenue for the European Union and at the same time avoiding triggering a strong backlash from the Trump administration. The report quoted six officials involved in related discussions as saying that the European Commission is studying a new plan to obtain more tax revenue from technology groups such as Apple, Meta, and Google, and will not individually name such companies.
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According to a report in Britain's “Financial Times” on Wednesday, Brussels is considering taxing US tech giants by imposing extensive taxes on large enterprises. The move is aimed at increasing revenue for the European Union and at the same time avoiding triggering a strong backlash from the Trump administration. The report quoted six officials involved in related discussions as saying that the European Commission is studying a new plan to obtain more tax revenue from technology groups such as Apple, Meta, and Google, and will not individually name such companies.
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