The European Commission is coming down hard on US tech companies. On Wednesday it launched a fresh crackdown over taxes paid by Apple and Amazon. The Commission said that the generous tax breaks give the companies an illegal advanrage.
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.
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.
Rome wants to borrow more in order to boost welfare, lower the retirement age, allow for a partial amnesty on unpaid taxes, and grow the Italian economy. The budget puts Rome on a collision course with Brussels.
With European Union elections months away, Facebook has announced new measures to stop election meddling across the bloc. The measures include bolstering ad transparency and establishing regional defense centers.
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