EU Approves Apple’s Revised NFC Proposal • NFCW
The European Union (EU) has announced plans to implement a new digital tax on tech giants operating within the bloc. The tax, which aims to ensure that digital companies pay their fair share of taxes in Europe, will specifically target companies with annual global revenues exceeding €750 million and EU revenues of at least €50 million. This move comes in response to widespread criticism that tech companies have been able to avoid paying taxes in various EU countries by routing their profits through low-tax countries. The proposed tax is expected to generate significant revenue for EU member states and level the playing field for businesses operating within the bloc.
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.