Technology giants face European 'digital tax' blow

Discussion in 'News Editions' started by Becky, Mar 22, 2018.

  1. Becky

    Becky Webmistress Administrator

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    Large tech companies have been using legal means to minimise their tax bill for years. By having a legal entity in a country with a low corporation tax rate they are able to keep more of their profits for distribution to shareholders. The European Commission hopes to circumvent this arrangement, and charge a tax on turnover based on where the users (or customers) are based. BBC News has more:


    Read more here.
     
    Becky, Mar 22, 2018
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  2. Becky

    Abraham Andres Luna

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    Trump said that tax breaks would create jobs, but those big companies that got the tax breaks instead paid investors. So where is the benefit in that?
     
    Abraham Andres Luna, Mar 23, 2018
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  3. Becky

    Becky Webmistress Administrator

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    Well let's hope that the big tech companies don't do the opposite if this tax goes ahead - ie work their employers harder rather than let shareholders take the hit.
     
    Becky, Mar 23, 2018
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