New internet taxes proposed in Europe
Europe is moving aggressively to raise billions more in tax from big tech companies such as Google and Facebook. The European Commission proposed sweeping new rules on Wednesday that would drastically change how and where top digital companies are taxed. The most dramatic is an interim measure that would slap a 3% tax on revenue generated from digital activities including online advertising and the sale of user data. The tax would apply to companies with global revenue of more than €750 million ($920 million).
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