The European Union is considering putting a 3% tax on digital revenue, potentially hitting the likes of US technology firms Apple, Facebook, Alphabet, Amazon, Netflix and Uber. A new report from the Organisation for Economic Co-operation and Development (OECD) suggests that such an approach could raise €3bn (£2.1bn) in revenue per year by 2030, but would hit
The European Union is considering putting a 3% tax on digital revenue, potentially hitting the likes of US technology firms Apple, Facebook, Alphabet, Amazon, Netflix and Uber. Such a proposal, if adopted, would raise trade tensions with the US as the Trump administration prepares to slap tariffs on steel and aluminium imports.