The European Commission has abandoned its plans to impose tax on digital companies, a development that is a victory for Donald Trump and US technology giants such as Apple and Meta. As the EU and the US are in the final phase of trade agreements, Brussels has removed the digital tax from the – theoretically irrelevant – list of proposed revenue taxes in the next seven -year EU spending program, according to a Politico Politico document. With just a few days left before the budget is presented, top EU officials are in intensive negotiations to decide which taxes will be included in the Commission’s proposal, which will be published on Wednesday, for the budget starting in 2028, which can be amended by a list, which can still be amended. Abandonment of digital tax signifies significant cruise change […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
