PolicyAppleInsiderabout 2 hours ago
EU Revives Big Tech Tax Plan for 2028
3 min read
The European Union proposes a new Corporate Resource for Europe levy starting in 2028, targeting firms with annual revenues over $117 million. This plan aims to raise funds for the Multiannual Financial Framework until 2034 while avoiding US retaliation by taxing local subsidiaries instead of just digital firms, though 27 member states must approve it.
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