Donald Trump achieved a big victory on Friday, as, as Politico reports, the EU withdrew from the so -called Big Tech, that is, US technology giants such as Applethe Alphabet (Google) and Meta.
The European Commission withdrew her plans To impose a tax on digital companies, while the EU and the US are in the final line of negotiations on a trade agreement, according to a document released on Friday and has been aware of Politico. On the basis of the document, Brussels removed the choice of digital tax from the – supposedly irrelevant – list of proposed revenue taxes during the next seven -year financial expenditure program for research and innovation.
A few days before the presentation of the European Budget Plan, top EU officials are in critical discussions to decide which taxes will be included in the committee’s proposal, which will be published on Wednesday, for the 2028 budget.
European target was a system taxation of digital giantswhich would allow Member States of the European Union to tax the profits produced in their territory even if companies do not have a natural workplace in that country.
The decision against the imposition of a digital tax is a 180 -degree turn for the EU, which had just proposed taxation of technological giants as a way of repaying the Union’s debt. The idea referred to a document on the next budget discussed by the 27 EU Commissioners.
The 180 -degree turn could be a strategic move from the EU, which is desperately seeking favorable terms in trade with the US.
Technology lobbyists have long wanted Washington to react dynamically In practice for EU Digital Services (DMA), a bunch of antitrust rules that lobbyists argue that it is unjustly targeting US technology companies.
Source: Skai
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