European Commission considers broad corporate levy to tax US tech giants

First reported by Financial Times at · Updated · 2 sources

The levy under consideration would apply to all large companies rather than single out US digital services groups, according to the Financial Times. The newspaper reports that Brussels aims to raise revenue for the EU while avoiding a backlash from the Trump administration, as cited by The Economic Times.

Covered by 2 publishers within 2 hours of the first report.

Reporting2

Financial Times Brussels looks to capture Big Tech through tax on large corporations
The Economic Times Brussels looks to capture Big Tech through tax on large corporations