EU greenlights Bayer-Monsanto deal – EU targets US tech giants
At a meeting of European Union finance ministers in Brussels, member states failed to agree a plan on the taxing of digital giants like Google and Facebook. They will try again in 2020.
France's finance minister will bring forward legislation this week for a 3 percent tax on companies including Google and Facebook. Public anger about tax avoidance by digital giants has prompted the move.
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.
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.
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