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Technology giants face European 'digital tax' blow
Big technology firms face paying more tax under plans announced by the European Commission. It said companies with significant online revenues should pay a 3% tax on turnover for various online services, bringing in an estimated €5bn (£4.4bn). The proposal would affect firms such as Facebook and Google with global annual revenues above €750m and taxable EU revenue above €50m.
The move follows criticism that tech giants pay too little tax in Europe. EU economics affairs commissioner Pierre Moscovici said the "current legal vacuum is creating a serious shortfall in the public revenue of our member states". He stressed it was not a move against the US or "GAFA" - the acronym for Google, Apple, Facebook and Amazon. According to the Commission, top digital firms pay an average tax rate of just 9.5% in the EU - far less than the 23.3% paid by traditional companies.
(Score: 2) by DannyB on Thursday March 22 2018, @05:48PM (4 children)
Why leave Microsoft out of this?
MAGAF = Microsoft Apple Google Amazon Facebook
use google as a verb.
Are there other Big Tech companies that don't pay enough tacks? Somehow I doubt this is limited to GAFA or MAGAF.
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(Score: 2) by takyon on Thursday March 22 2018, @08:56PM (3 children)
I think people pity what's left of Microsoft.
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(Score: 3, Insightful) by Azuma Hazuki on Friday March 23 2018, @02:24AM (1 child)
That's a dangerous, complacent attitude to take. MS is infecting Linux, and that's without even going into the slightly crazy conspiracy theory I've been nurturing that RedHat is secretly dealing with them. Don't turn your back on your foe until he's dead, and preferably in several pieces...
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Friday March 23 2018, @04:56AM
Slightly crazy? Not crazy at all, they can see the gradual shift indicating that users are fed up. Remember the Balmer chant, "developers developers developers develop!"
Of course they want to secure that portion.
(Score: 2) by DannyB on Friday March 23 2018, @01:26PM
Not I!
May their ashes be scattered to the four winds. People that have the slightest pity simply don't remember or even know how evil Microsoft was in the 1980's and 90's.
To transfer files: right-click on file, pick Copy. Unplug mouse, plug mouse into other computer. Right-click, paste.