The European Union (EU) has announced plans to implement a digital tax on large tech companies such as Google and Facebook. This tax aims to ensure that these companies pay their fair share of taxes in the countries where they operate, rather than exploiting tax loopholes to reduce their tax bill. The proposal has faced criticism from the United States (US), which argues that it unfairly targets American tech giants. Despite this opposition, the EU is moving forward with the plan, with hopes of implementing the tax by 2023.
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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.
