The big tech tax bombshell just got real, as Europe moves to hammer firms like Amazon, Facebook, and Google

United States News News

The big tech tax bombshell just got real, as Europe moves to hammer firms like Amazon, Facebook, and Google
United States Latest News,United States Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

France pushed forward with plans to tax the revenue of internet giants, while Boris Johnson indicated his support for a similar idea in Britain.

The prospect of big tech firms, including Amazon, Apple, Facebook, and Google, paying billions of dollars more in tax in Europe got more real on Thursday. France pushed forward with plans to tax the revenue of internet giants, with a bill that could generate $563 million more in income for the French government being passed by lower parliament.

The prospect of big tech firms, including Amazon, Apple, Facebook, and Google, paying billions of dollars more in tax in Europe got more real on Thursday. France pushed forward with plans to tax the revenue of internet giants, with a bill that could generate $563 million more in income for the French government being passed by lower parliament.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook, privacy activist Schrems face off in July 9 court hearingFacebook, privacy activist Schrems face off in July 9 court hearingFacebook will face Austrian privacy activist Max Schrems next week at Europe&03...
Read more »

Zalando to build Rotterdam warehouse to serve western EuropeZalando to build Rotterdam warehouse to serve western EuropeZalando , Europe's leading online fashion retailer, said it would build a 1...
Read more »

Europe Circumvents U.S. Sanctions On IranEurope Circumvents U.S. Sanctions On IranThree EU governments have created an SPV which would enable companies to trade with Iran without breaking sanctions.
Read more »

President Trump slams China, Europe over currency manipulation as he defends July 4 event costPresident Trump slams China, Europe over currency manipulation as he defends July 4 event costPresident Donald Trump on Wednesday said the U.S. should “match” Chinese and European currency manipulation, as he defended the yet-undisclosed costs of the...
Read more »

Trump tweet sparks concerns that the US may raise tariffs on EuropeTrump tweet sparks concerns that the US may raise tariffs on EuropeU.S. President Donald Trump has accused China and Europe of manipulating their currencies, raising fears that Washington will carry out repeated threats to impose tariffs on goods from the European Union.
Read more »

Europe heroically defends itself against veggie burgersEurope heroically defends itself against veggie burgersShould cauliflower be called 'steak' and soy drinks 'milk'?
Read more »



Render Time: 2025-04-04 23:18:49