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EU to Review New Digital Tax Plan From France, Germany

By BenZinga
Financial Services

Last month, the European Union announced the collapse of its plans to tax internet and tech giants like Alphabet Inc.’s (NASDAQ: GOOGL) Google and Facebook, Inc. (NASDAQ: FB). The alternative included specific national initiatives. Advancements within the negotiations are slated to be discussed this week, according to a new report.

What Happened

Paris and Berlin are set to present a draft plan to enforce a 3 percent tax on revenues from ad sales in the entire digital economy, …

Read the full story at Benzinga.

Photo: Getty iStock

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