EU greenlights Bayer-Monsanto deal – EU targets US tech giants
France has been desperately trying to save a plan to get tech companies to pay more tax. Some nations are pinning their hopes on a global solution to the problem, while others are pushing national schemes.
Tim Cook has warned that internet users' personal data is being "weaponized" by internet giants. His solution is a US data protection law that imitates many of the EU's stringent rules.
The European Commission is to unveil plans for a digital tax on big US tech companies. The move is aimed at recovering billions of euros from multinationals that divert their earnings to low-tax nations.
The EU has unveiled a proposal to overhaul how multinational tech giants are taxed in the 28-nation bloc to prevent the companies from exploiting tax loopholes. The move is likely to exacerbate global trade tensions.
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