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EU says ‘electroshock’ tax plan for Internet giants set for March


Moscovici said the new rules would apply to giants like Google, Apple, Facebook and Amazon – together known as GAFA – as well as services like AirBnB and Booking.com. — AFP

Moscovici said the new rules would apply to giants like Google, Apple, Facebook and Amazon – together known as GAFA – as well as services like AirBnB and Booking.com. — AFP

PARIS: The European Commission will present by the end of March its plan for overhauling tax rules for Internet giants, aimed at making them pay up in the countries where they earn their profits, a top official said. 

EU Economic Affairs Commissioner Pierre Moscovici told France’s Radio J that his proposals would “create a consensus and an electroshock” on taxing digital economy revenues. 

   

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