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General

EU urged to reconsider how it taxes large internet companies

Monday 11 September 2017 | 09:54 CET | News
The finance ministers of the largest EU countries want a change in how big internet get taxed, saying this should be based on revenue and not profit, EU Observer reported. France, Germany, Italy and Spain, the largest economies in the economic zone, have asked the Estonian EU presidency and the European Commission to design an "equalisation tax" on turnover, so that internet companies pay tax where they make money, rather than where they are registered. 

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Categories: General
Companies: Amazon / Apple / European Commission / Facebook / Google
Countries: Europe
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