EU Competition Commissioner Margrethe
Vestager says the bloc should agree on a tax to
ensure global digital companies pay “their fair
share” in Europe.
Vestager, who has been designated to continue
her work in the new European commission,
said during her confirmation hearing by EU
lawmakers that “we want these taxation rules
to be based on a global agreement. But if that’s
not possible by the end of 2020, then we are
prepared to act.”
Vestager will also oversee the bloc’s digital
policy if she is confirmed.
The EU is trying to find a way to tax big companies
that do huge business across the continent but
pay taxes only in the EU nation where their local
headquarters are based, often a low-tax haven like
Luxembourg or the Netherlands.
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