The European Union (EU) has recently proposed a new digital tax plan that aims to target tech giants such as Facebook, Google, and Amazon. Under this plan, the EU is looking to impose a 3% tax on the revenue generated by these companies in the EU member states. The goal of the tax is to ensure that these tech companies are paying their fair share in taxes, especially given their significant presence and impact on the digital economy. The proposal has received mixed reactions, with some countries expressing support for the tax while others are concerned about the potential impact on transatlantic trade relations. Overall, the EU is hoping to implement this tax by 2023 in order to level the playing field for all businesses operating within the EU.
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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.
