EU considers broad tax on large multinationals, including US tech
The European Commission is weighing a plan to tax all large companies operating in the EU—with annual revenues over €100 million—including US tech giants like Apple, Google, and Meta. Officials want to raise more money for the EU without directly targeting tech firms, hoping to avoid sparking US trade retaliation. The lump-sum tax under debate would expand a previous plan that some countries found either too narrow or too controversial.
- Proposal covers all firms with over €100 million revenue
- Includes, but doesn't single out, US tech companies
- Aims to avoid US retaliation linked to digital taxes
- Current CORE levy ranges from €100,000 to €750,000 per year
- Plan is still under discussion among EU officials
Sources covering this
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