'Europe cannot accept' tax loopholes for American internet companies, says EU commissioner

'Europe cannot accept' tax loopholes for American internet companies, says EU commissioner

7 years ago
Anonymous $wKBR2uNMvM

https://www.cnbc.com/2017/09/18/eu-commissioner-moscovici-us-tech-should-pay-fair-share-of-taxes.html

American internet giants "should pay their fair share of tax" -- and likely will under a new EU system, according to Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, Taxation and Customs.

"We must tax those companies as we do the so-called classical economy," Moscovici told CNBC's "Squawk on the Street" Monday.