Europe Renews Offensive on Silicon Valley With Tax Reforms

Posted in: Government & Policy at 21/09/2017 20:33

The European Union’s offensive against Silicon Valley looks as though it is likely to resume, as officials in Brussels consider a raft of proposals aimed at increasing the amount of tax paid by digital titans like Facebook and Amazon.

The new proposals, a copy of which was reviewed by The New York Times on Wednesday, broadly aim to tax internet companies in the countries where they generate their business, rather than allow them to shift profits to jurisdictions with lower rates.

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