Start Europe EU taxation of Internet companies is approaching

EU taxation of Internet companies is approaching

pixel2013 / Pixabay

Tomorrow, the EU Council of Ministers will again discuss the proposed tax on multinational Internet companies. The planned levy, which is to be negotiated until December, concerns the sales of Facebook, Google and Co, according to the current state of negotiations, they should amount to three percent of total sales.

On the other hand, there is resistance from those member states where big Internet companies have their headquarters.Ireland, Luxembourg and Malta in particular, but also Sweden and more recently Germany. However, there are now increasing signs that, after all these years of discussion, an agreement could actually be reached.Many Member States have already announced that they would like to introduce such a tax on their own initiative. The UK will also levy charges on Internet companies after the „Brexit“.