How 'Digital Tax' Plans in Europe Hit U.S. Tech: QuickTake

BloombergBy William Horobin and Aoife White

Big internet companies have long been the target of complaints that they don’t pay enough in taxes. Fed up, France imposed a 3% levy on the digital revenue of companies that make their sales primarily in cyberspace, such as Facebook Inc. and Alphabet Inc.’s Google. Other countries also are targeting companies, most of which are American, that have multinational earnings that often escape the taxman’s grip. The U.S. isn’t taking this sitting down.

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By William Horobin and Aoife White, posted on Wednesday December 4, 2019

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