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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, Touché) by Anonymous Coward on Thursday March 22 2018, @09:22PM
Nope, all the facts show that socialized healthcare is superior in every way. Only if private doctors are outlawed would be there be a downside: the rich couldn't pay for higher priority, a situation that has me crying big old salty tears.
You sir are a disingenuous hack with nothing better to do than spew your terrible ideology. The few valid complaints you have are lost in the ocean of stupid you would foist upon humanity.