EU Plans Digital Tax at Year-End Should OECD Talks Fail: Breton

Sept. 11, 2020, 6:58 AM

The European Union will propose a digital tax on tech companies at the end of the year if nations fail to get a multilateral deal within the OECD, EU Commissioner Thierry Breton said Friday in an interview on BFM Business.

  • “If there’s no deal by the end of the year, Europe will make its decision unanimously and propose a tax in the digital space,” Breton said.
  • “We have to find a way to tax these big companies, not only the U.S. ones, that make considerable profits in the digital space -- they were big winners during the Covid crisis -- ...

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