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> companies whose annual global revenue exceeds €750 million ($918 million). The tax would apply to services where users play an important role in creating valu
by Eridrus 9y ago
> companies whose annual global revenue exceeds €750 million ($918 million). The tax would apply to services where users play an important role in creating value, such as selling online ad space, social media or platform services for ride hailing or food delivery.
So it's basically a tax on EU punching bags, got it.
- Taniwha 9y agono, it's a tax on companies who move their profits to low-tax nations
- lainga 9y agoLarge multinational tech corporations with large presences in the EU, yet which pay little to no taxes in the EU, also happen to be the EU's "punching bags". Funny how policy and reality line up sometimes.