Schnitzer supports EU digital tax for US tech companies

Monika Schnitzer, head of the Council of Economic Experts, has called on the EU to introduce a digital tax on US tech companies in response to the new US tariffs. "A particularly effective measure would be to tax the services of Big Tech companies," Schnitzer told the "Rheinische Post" (Friday edition). "There has been no mention in Trump's speeches so far of the fact that the EU imports more services from the US than vice versa," said the chair…

Josep Borrell proposes taxing digital multinationals as a strategic response to Washington’s aggressive trade policy. Former European Union High Representative for Foreign Affairs and Security Policy Josep Borrell urged the EU on Thursday to “tax-attack” large US technology, in response to the new tariffs announced by Donald Trump. In statements made to La 2, Borrell has argued that a rise in taxes on these companies would not directly affect th…

The European Union is preparing for a response to the new customs duties imposed by Donald Trump on European imports, and this will affect digital services. According to Sophie Primas, spokesman for the French government, the EU is "ready for the commercial war" in the face of Donald's decision ... Read more Like KultureGeek on Facebook, and follow us on Twitter Don't forget to download our free iAddict app for iPhone and iPad (link App Store) T…

In response to the Trump administration's tariffs, the EU is discussing a digital tax: US companies such as Netflix, Amazon or Meta would then pay taxes where they make profits. Bitkom, the digital association, warns against negative consequences for consumers. [more]