EU’s proposed tech tax causes controversy

Introduction

Date: 21 August 2018. Duration:13:20 

Taxing tech giants such as Google and Facebook has become a political battleground in Europe. The European Commission has proposed a new digital levy that it says can generate 5 billion euros a year, but many national governments accuse the EU executive — whose formal taxation powers are limited — of overreach. With a discussion between finance ministers due next month, Brussels news editor Sam Wilkin discusses what’s next with Todd Buell, a reporter at MLex’s sister publication Law360.

For more insight:

Digital Tax Agreement May Come ‘Very Soon,’ EU Chair Says (9 August 2018)

EU Finance Officials To Tackle Digital Tax At Sept. Meeting (6 August 2018)