PARIS (Reuters) – Brussels will offer a new tax on companies whose net turnover exceeds 50 million euros in order to generate new sources of financing for the common European Union budget (EU), reports the Financial Times on Friday.
The measure should be approved by the 27 member states to enter into force.
It would cover all the large companies operating in the EU, regardless of the location of their head office, according to the proposal project. A system of “forks” would allow groups with the highest income to contribute more.
The project indicates that the European Commission, the Union executive body, has given up a tax on digital services targeting American giants in the technology sector, such as Apple and Meta, although these are always concerned by another broader tax project.
A commission spokesperson refused to comment on the FT article, just saying that the proposal could still change.
This information comes as the EU is preparing for a possible letter from the American president Donald Trump detailing his customs duties on the Union products, the first trading partner and in terms of investments in the United States.
Donald Trump strongly criticized what he considers excessive EU regulation with regard to large American technological companies.
The EU could also impose additional taxes on non -recycled electronic waste and tobacco products, according to the FT.
(Report Julia Payne, Benjamin Mallet)
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