EU and big tech: a tricky relationship
The EU is working on a tax to levy against web giants that produce revenue in many countries while paying little tax in just one. The pros and cons.
- Saturday, 30 December 2017
At the European Commission's Digital Summit in Tallin in September, the four main economies of the Eurozone agreed to the proposal of a European web tax to enable them to recover some of the enormous turnover that manages to completely escape taxation by the Union’s governments. A report prepared by the Commission specifically for the Tallinn summit calculated that Facebook and Google alone had managed to avoid paying taxes of over three billion euros per year in the period from 2013 to 2015.