The European Commission is planning a new tax on technology behemoths, the BBC reported on Wednesday.
The tax could see US technology giants such as Facebook, Amazon and Google presented with a €5bn bill by Christmas, according to European Economic Affairs Commissioner Pierre Moscovici.
Moscovici notes that a tax needs to be introduced before January when the political agenda will be dominated by Brexit (March) and the European Elections (May).
Introducing this law would require EU member sta...

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