European Union divided over tax on digital tech giants as some member states refuse free money

European Union divided over tax on digital tech giants as some member states refuse free money

6 years ago
Anonymous $L9wC17otzH

https://www.theregister.co.uk/2018/11/07/eu_digital_tech_tax_ireland_france/

European efforts to implement a digital sales tax have stalled after Ireland, Sweden and Denmark yesterday stood firm in their refusal to approve measures aimed at scraping more cash in from tech giants.

Governments are engaged in an ongoing battle over how to tax tech giants that often have little or no physical presence in a country, can station an HQ anywhere regardless of where their customers are, and easily shift profits to other countries.