The European Commission drops plans to impose a digital tax on tech giants in its upcoming 2028-2034 budget proposal, amid ongoing EU-US trade negotiations (Gregorio Sorgi/Politico)
228d ago
Technology
Techmeme

The European Commission has abandoned its proposal for a digital tax on tech giants in its 2028-2034 budget. This decision, reported by Politico, comes amidst sensitive trade negotiations between the EU and the United States. The move is seen as a win for those opposing the tax, including figures like Donald Trump, who have previously voiced strong objections. The Commission's change of course signals a potential shift in strategy regarding the taxation of multinational technology companies and its relationship with the US on trade matters.