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...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|