The European Union is considering a broad-based tax measure aimed at large companies that would also capture major U.S. technology firms, according to a report by the Financial Times. The proposal is being weighed as a way to raise additional revenue for the bloc. At the same time, the reported approach appears designed to avoid a direct confrontation that could trigger a strong response from the Trump administration. The report frames the plan not as a tax aimed solely at American tech groups, but as a more general levy on large corporations, which would still result in U.S. big tech companies being taxed. No further details on the structure, rate, or timeline of the measure were provided in the brief report cited by ChainCatcher.
The European Union is considering a general tax measure on large companies that would also tax major U.S. technology firms, according to the Financial Times, as cited by ChainCatcher.
The reported move is intended to raise revenue for the EU while avoiding a strong backlash from the Trump administration.
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