Connect with us

Hi, what are you looking for?

Hasepoyo

World

European disunity on digital taxes once again lets Big Tech walk away unscathed, Europe News & Top Stories


BERLIN – For years, the European Union has been trying to make digital companies pay more taxes on their revenues – but mostly in vain. The latest defeat was a ruling of the EU General Court last week that overturned the European Commission’s finding that Luxembourg granted €250 million (S$401 million) in illegal tax benefits to Amazon.

The American e-commerce company now walks away reassured that the EU has no legal mechanism to take action against big multinational digital companies. Critics, however, are furious.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.





Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

U.S.

The leader of a small hard-line party says he will try to form a unity government with Prime Minister Benjamin Netanyahu’s opponents. Sunday’s...

Tech

The woman who led the design of Bumble’s dating app in the run-up to the company’s February initial public offering is joining Twitter Inc.,...

Tech

Video platform Rumble said it is receiving an investment from a group of prominent conservative venture capitalists including Peter Thiel and “Hillbilly Elegy” author...

U.S.

The Conservatives deleted a tweet on Thursday that leader Erin O’Toole has said was “detracting” from important conversations about the COVID-19 vaccine rollout...

Copyright © 2020 ZoxPress Theme. Theme by MVP Themes, powered by WordPress.