EU Digital Levy Will Hit Thousands of Mostly EU-Based Companies

Logo: Bloomberg Law

By Hamza Ali

The EU’s digital levy will be broadly based so as not to discriminate against U.S. tech firms, a top European Commission tax official said Tuesday. The governments of France, Spain, and Italy, among others, have unilaterally acted to create their own digital services taxes. That drew the ire of the Trump administration, which argued that they unfairly targeted U.S. tech firms because of their high thresholds for earnings. It opened trade investigations to determine whether they justified the imposition of retaliatory tariffs. Angel said that the EU’s tax would show that concerns that the new digital levy would be similar to these taxes are misplaced. 

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By Hamza Ali, posted on Tuesday May 25, 2021

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