Thursday, February 20, 2020

European Union to impose more taxes on US technology companies

Featured

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes...

WHO: China-led expert team to investigate coronavirus

The World Health Organization (WHO) said on Sunday that a team of international experts led by the organization has...

Japan records 41 new cases of coronavirus among passengers of the cruise ship

The Japanese Ministry of Health announced today, Friday, that 41 other people were infected with the Corona virus among...
Izaan Zubair
Izaan Zubair
Izaan's expertise in technology urged him to write on emerging inventions, Hardware, Cyber-Security, Mobiles and so on. He is currently studying Machine learning, and aims to master it. He can be reached at: [email protected]

Senior officials in Europe are looking into the possibility of applying more taxes to US technology companies, said the European Union’s competition commissioner Margrethe Vestager, That Europe should lead the way to impose a tax targeting Google, Amazon, Facebook and Apple, regardless of whether it is possible to reach a global consensus on this issue.

“We have become an increasingly digital world and there will be a big problem if we do not find a way to raise taxes,” she said in an interview with France Inter radio. “The best thing is the global solution, but if we want to get results in a period of time Reasonable, Europe must take the lead.”

Vestager has a good reputation in Europe for its relationship with Silicon Valley companies, where it is subject to heavy fines and is forced to change its practices and policies that run counter to local competition law.

The digital tax will be a greater form of regulatory pressure on technology giants worldwide.

According to the site cnet In a separate move on Monday, the UK government announced plans to introduce an independent regulator to social media companies.

Izaan Zubair
Izaan Zubair
Izaan's expertise in technology urged him to write on emerging inventions, Hardware, Cyber-Security, Mobiles and so on. He is currently studying Machine learning, and aims to master it. He can be reached at: [email protected]

Latest News

Confirmed Coronavirus cases in Japan increased to 621

The Japanese authorities announced the registration of 79 new confirmed cases of coronavirus on the ship "Diamond Princess", bringing...

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes the names of: Sajid Javid,...

Canadian Prime Minister chairs a meeting to discuss Coronavirus

Canadian Prime Minister Justin Trudeau has convened an Incident Response Team meeting to discuss progress in the Canadian government’s response to the new Corona...

Koreans celebrate the historic victory of “Parasite” with Oscar

Celebrations were overwhelmed by social media in South Korea on Monday, after the black comedy film "Parasite" was awarded the first ever Oscar for...

WHO: China-led expert team to investigate coronavirus

The World Health Organization (WHO) said on Sunday that a team of international experts led by the organization has gone to Beijing to help...

Related News