The European Union have been investigating that way a number of technology companies run their tax affairs in Europe for some time. Now it would appear that the EU regulators may be looking to add an additional tax onto these companies when they operate in Europe.
The EU are apparently looking to tax these technology companies between 2 percent and 6 percent, this has not been made official as yet. This will apparently be made official some time within the next few weeks.
Many companies like Amazon, Apple, Google and others have come under criticism for the way they run their tax affairs in Europe.
It will be interesting to see what the various technology companies think about this new tax when the European Union announces it. The companies are expected to challenge this new tax as it would apparently only apply to technology companies and not other companies in Europe.
Source Engadget
Filed Under: Technology News, Top News