Brussels looks to capture Big Tech through tax on large corporations, FT reports
The proposal would tax companies with more than €100 million in EU revenue and could raise revenues without targeting US tech firms.
- On Wednesday, The European Commission began considering a broad levy on large corporations to raise revenues while avoiding a trade backlash from President Donald Trump, the Financial Times reported.
- In June, President Donald Trump threatened a 100% tariff on goods from any country imposing digital services taxes, while the Trade Representative argued such levies discriminate against American companies.
- Brussels is weighing changes to the "Corporate Resource for Europe" proposal, which requires companies with revenue exceeding €100 million to pay annual levies between €100,000 and €750,000.
- Some European capitals oppose a pure digital tax to avoid upsetting Americans, with officials reporting significant resistance to the current Corporate Resource proposal itself.
- The European Commission is working to capture income from tech groups such as Apple, Meta, and Google without singling them out, broadening the levy beyond traditional digital taxes.
67 Articles
67 Articles
EU Tech Tax Proposal Sparks US and Member State Opposition
The EU's proposal to raise taxes on major tech firms faces opposition from both the US and several member states concerned about losing investment. It aims to align taxation with where economic value is created rather than legal headquarters. Internal divisions highlight the challenge of balancing fiscal fairness with national sovereignty.
US President Trump threatened 100 percent tariffs in the event of a digital tax on American corporations. According to a media report, the EU could now change its plans.
EU Big Tech tax hike faces opposition not just from US, but at home too
The European Union is considering a tax increase on Big Tech that it weirdly believes will avoid a US backlash, but on top of that, some EU members are already against it.The EU is looking for tax income for its 2028-2034 budget from US Big Tech - image credit: EUBack in July 2025, the European Union dropped its plans for a tax on Big Tech firms, seemingly as part of a move to appease Trump during trade negotiations. Now according to the Financi…
Brussels Eyes Wider Corporate Tax to Capture Revenue from Big Tech
The European Commission is considering expanding a proposed levy on large companies to capture more revenue from US technology groups while avoiding a direct digital tax that could trigger a US trade response.
EU wants to introduce tax on American big tech — <p>Brussels media is considering expanding the CORE levy to large companies, including Apple, Meta and Google. The EU wants to increase revenue and Avoid conflict with the United States.</p>
In the planned taxation of US technology companies, the EU seems to be considering a change of course. Instead of a digital tax, a levy is to be introduced for all large companies operating in the EU in order to avoid a counter-reaction by the US government.
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