Corporations such as Google, Amazon, Facebook and Apple wield massive power, and are changing the way we live. They quash smaller rivals; they find ways to pay little tax; governments struggle to regulate them. What is to be done?
The European Union claims a new draft deal to force internet platforms to share revenues will empower authors and artists. But critics say the freedom of the internet is at risk.
Austria has vowed to tax tech giants, following France's new levy on the so-called GAFA companies: Google, Apple, Facebook and Amazon. The EU has been trying to implement a bloc-wide policy on the matter.
In early December, Economy Minister Bruno Le Maire said France would give the EU until March to come up with a deal on taxing US internet giants. But ten days later he announced the tax would be introduced on January 1.
The UK's finance minister has unveiled a new "digital services tax" targeting tech giants such as Google and Facebook. The minister also promised an end to public sector spending cuts.
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