EU countries likely to target big US tech

Stefan Mileschin · 14th September 2017, 05:28

C’mon you bastards pay your tax like everyone else

France, Germany, Italy and Spain are expected to get tough with big US tech by demanding that they be taxed in Europe based on their revenues, rather than only profits.

France is leading a push to clamp down on the taxation of such companies, but has found support from other countries also frustrated at the low tax they receive.

Currently such companies are often taxed on profits booked by subsidiaries in low-tax countries like Ireland even though the revenue originated from other EU countries.

“We should no longer accept that these companies do business in Europe while paying minimal amounts of tax to our treasuries,” the four ministers wrote.

http://fudzilla.com/news/44481-eu-co...et-big-us-tech

14th September 2017, 05:28	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	EU countries likely to target big US tech C’mon you bastards pay your tax like everyone else France, Germany, Italy and Spain are expected to get tough with big US tech by demanding that they be taxed in Europe based on their revenues, rather than only profits. France is leading a push to clamp down on the taxation of such companies, but has found support from other countries also frustrated at the low tax they receive. Currently such companies are often taxed on profits booked by subsidiaries in low-tax countries like Ireland even though the revenue originated from other EU countries. “We should no longer accept that these companies do business in Europe while paying minimal amounts of tax to our treasuries,” the four ministers wrote. http://fudzilla.com/news/44481-eu-co...et-big-us-tech

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