The European Commission outlined different options for taxing digital companies as the 28-nation bloc seeks to raise money from an industry that it says provides less than it should to public coffers.
Europe’s current tax rules were designed for the traditional economy and don’t capture companies’ activities based on intangible assets and data, the commission said on Sept 21 in an emailed statement.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
