Europe resists changes to digital levy

Some European Union member states are resisting plans to raise the tax bill of technology companies, draft documents show.

EU finance ministers are expected to discuss a digital tax on technology giants when they meet on December 6 following pressure from large states that accuse companies such as Amazon, Google, Apple and Facebook of slashing their tax bills by rerouting their EU profits to low-tax countries such as Luxembourg and Ireland.

France has openly called for an “equalisation tax” on the turnover of digital companies, aimed at levelling up the amount of tax they pay on their earnings compared with other types of companies.

The European Commission and the Estonian presidency of the EU have also backed a major tax overhaul.

Ireland is opposed to…

... read more at: https://www.thetimes.co.uk/article/europe-resists-changes-to-digital-levy-xv29lkv5l

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