‘EU to seek Google tax reform’

AFP, BRUSSELS: EU finance ministers are set to discuss changing rules so that tech giants such as Google or Facebook are on the hook to pay more taxes in Europe, according to an EU document seen by AFP on Friday.

European regulators have become increasingly aggressive against US technology giants seen by officials as gaining too much power, with Amazon and Apple also facing scrutiny.

“It is urgent to close the gap in international tax rules in order to ensure the fair taxation of profits from businesses in the digitalised economy,” said an EU document seen by AFP, prepared for a meeting of finance ministers in Estonia on September 15.

The paper was drawn up by the government of Estonia, which currently holds the EU’s six-month rotating presidency and sees itself as a digital leader in Europe.

The document deplores the current situation in Europe in which taxing rights are held by EU nations with the “physical presence” of multinationals.

EU to seek Google tax reform

AFP, BRUSSELS: EU finance ministers are set to discuss changing rules so that tech giants such as Google or Facebook are on the hook to pay more taxes in Europe, according to an EU document seen by AFP on Friday. European regulators have become increasingly aggressive against US technology giants seen by officials as gaining too much power, with Amazon and Apple also facing scrutiny. It is urgent to close the gap in international tax rules in order to ensure the fair taxation of profits from businesses in the digitalised economy, said an EU document seen by AFP, prepared for a meeting of finance ministers in Estonia on September 15. The paper was drawn up by the government of Estonia, which currently holds the EUs six-month rotating presidency and sees itself as a digital leader in Europe. The document deplores the current situation in Europe in which taxing rights are held by EU nations with the physical presence of multinationals.