Target companies like Alphabet and Facebook: Digital technology companies operating in the European Union could face a tax of 3% on gross revenue, according to a European Commission proposal that he published η Bloomberg.
Earlier plans suggested a contribution to the 2 range of up to 6 percent, as EU countries are exploring new ways to tax large technology companies such as Alphabet and Facebook.
Under the new plan, the companies technologyς με παγκόσμια συνολικά έσοδα άνω των 750 εκατομμυρίων ευρώ (920 millions dollars) and total taxable annual revenues from the provision of digital services in the EU of more than €50 million will be subject to the new levy.
The levy will be increased depending on ad revenue, user revenue, subscriptions, and revenue from the sale of data to third parties.
The European Commission expects to raise €5 billion a year from the new tax, according to draft proposals seen by the Financial Times. The plan, which is expected to be proposed on March 21, will need a unanimous vote support and by the 28 EU members to enter into force.
The levy is not high enough, French Finance Minister Bruno Le Maire said earlier this month:
«Είναι ένα σημείο εκκίνησης. Προτιμώ ένα νόμο που θα εφαρμοστεί πολύ γρήγορα και όχι ατελείωτες διαπραγματεύσεις."
EU countries like Ireland with low tax rates could vote against the upcoming bill as it is currently the favorite country of technology companies and of course it would not want to share it with the rest of the European Union.
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