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Tech Giants Face An EU Tax Of 3% On All Sales

  • BBC, Thursday, March 22, 2018 10:56 AM
The tech giants face a new form of taxation in the EU, the BBC reports. The figure is expected to be 3% of sales. This would circumvent schemes which divert huge revenues streams to areas of very low taxation or see a parent company charge an EU subsidiary a massive fee for using its name, so profit is mostly wiped out for tax purposes.

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