https://techcrunch.com/2018/03/05/european-union-plans-to-tax-tech-giants-on-local-revenue/

After months of speculations, France’s economy minister Bruno Le Maire announced in an interview with the JDD that Europe’s new tax model for tech giants is happening. The plan will be unveiled in the next few weeks.

Google, Amazon, Apple and Facebook have all faced different issues when it comes to tax optimizations. They’ve been routing their revenue through Ireland, Luxembourg, the Netherlands and other countries with a low corporate tax. Sometimes the money end up in Bermuda or the tiny island of Jersey.