EU likely to shelve digital tax plan that would target Apple and other Big Tech companies
150d ago
Technology
9to5Mac

The European Commission is reportedly scaling back its plans to implement a digital tax targeting large technology companies like Apple and Meta. This decision, occurring before the next multi-year budget proposal, is considered a victory for U.S. tech giants and former President Trump, who opposed the tax. The proposed tax aimed to generate revenue from the digital activities of these companies within the EU, but faced significant resistance and concerns about its potential impact on international trade relations.