October 31, 2018

European tech leaders warn against EU digital services tax


Leaders of 16 tech companies including Spotify, Booking.com and Zalando say the proposed tax would undermine the EU's goal of a digital single market.

Johannes Bahrke, spokesman at the EU's executive Commission, defended the proposal Tuesday, saying it aims to create a "level playing field" for companies whether they are based in or outside the EU.

The European Commission unveiled its plan in March, insisting that EU member countries should be able to tax firms that make profits on their territory even if they aren't physically present.

The proposal was seen as a way of making tech giants like Google and Facebook pay more taxes.

Get the full story at StarTribune.com