February 14, 2020
No really, Europe is very serious about taxing tech companies.
EU members of the G20, plus Britain, say that "taxation of the digital economy" should be "the highest priority," according to a document seen by Reuters.
The G20 is set to meet on Feb. 22 to discuss efforts by the Organisation for Economic Co-operation and Development to stop tech firms from shifting their profits to tax havens. Fed up with waiting for international reform, France and Italy have already implemented a digital tax, and Britain plans to do so. The U.S., however, has opposed the move, threatening tariffs against France in retaliation.