EU to propose new tax on digital firms up to 5 percent of their gross revenues

EU to propose new tax on digital firms up to 5 percent of their gross revenues

6 years ago
Anonymous $gcegwZ91io

https://www.reuters.com/article/us-eu-tax-digital/eu-to-propose-new-tax-on-digital-firms-up-to-5-percent-of-their-gross-revenues-idUSKCN1GA25R

The European Commission wants to tax large digital companies' revenues based on where their users are located rather than where their headquarters are, at a rate between 1 and 5 percent, a draft Commission document showed.