EU tells tech firms it wants to tax profit, not revenue
https://www.reuters.com/article/us-eu-tax-digital/eu-tells-tech-firms-it-wants-to-tax-profit-not-revenue-idUSKCN1GJ2QX
The European Commission told top digital firms on Wednesday that its favorite choice to reform online taxation would be a new method to tax profits rather than revenues, a move the industry welcomed.