US EditionEU likely to shelve digital tax plan that would target Apple
EUROPEAN UNION, JUL 15 – The European Commission dropped the digital tax plan to support ongoing trade talks with the U.S. and avoid taxing Big Tech firms, which would have raised €25-€30 billion annually.
- The European Commission is scheduled to publish the EU's 2028–2035 budget proposal on Wednesday, July 16, omitting the planned digital tax targeting Apple and other large digital companies.
- The digital tax plan was initially designed to help repay the EU's pandemic-era joint debt but is now being withdrawn to support ongoing trade negotiations with the United States.
- The draft budget introduces three new taxes: an excise duty on tobacco items, a charge on waste electrical and electronic devices, and a corporate tax targeting firms with EU revenues exceeding €50 million, all of which must be unanimously approved by the 27 member states.
- Apple and Meta have faced EU investigations for tax and regulatory issues, yet the withdrawal of the digital levy is seen as a political move to secure better trade terms, as noted by multiple sources including Politico.
- The EU's decision to drop the digital tax likely signals a regulatory environment shaped by ongoing transatlantic trade talks and continued enforcement of other rules like the Digital Markets Act.
13 Articles
13 Articles
Evidently, the EU Commission does not want to introduce a digital tax for tech companies. Some see it as a co-death before Trump, who threatens with tariffs. Others argue for alternatives to the digital tax.Kiltered between the EU budget, national alone and the negotiations with Donald Trump: EU Trade Commissioner Maroš Šefčovič. – All rights reserved IMAGO / XinhuaBefore Ursula presented her EU budget proposal today, the first half of the work …
EU Drops Digital Tax, Clearing the Way for Apple and Other US Tech Giants
The European Commission has scrapped plans to impose a digital tax on major tech companies, a shift that directly benefits U.S. firms like Apple, Meta, and Amazon. The decision marks a significant retreat from earlier proposals and comes at a pivotal moment in EU-U.S. trade negotiations. The digital levy had been floated in May as […] The post EU Drops Digital Tax, Clearing the Way for Apple and Other US Tech Giants appeared first on The Mac Obs…
EU Drops Digital Tax, Favors US Tech and Trade Stability
The European Union’s recent decision to abandon plans for a digital tax in its next seven-year budget has sent ripples through the global technology and trade landscapes, marking a significant win for U.S. tech giants and the administration of President Donald Trump. According to a document circulated by the European Commission and reported by POLITICO, the EU has removed the digital tax option from its list of proposed revenue sources for the 2…
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