The European Union (EU) has announced plans to implement a new digital tax on multinational tech companies operating within its member states. The tax is aimed at ensuring that these companies pay their fair share of taxes, particularly in light of the increasing digitalization of the economy. Several EU countries, including France and Germany, have been pushing for such a tax for some time. The proposed tax would apply to companies with annual global revenues exceeding €750 million and EU revenues exceeding €50 million. The EU hopes that this tax will help level the playing field for small businesses and ensure that tech giants are not able to avoid paying taxes in the countries where they operate.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
