US tech giants in EU sights as tax clampdown takes shape


  • TECH
  • Thursday, 21 Sep 2017

3D printed Apple logo is seen in front of a displayed Irish flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration/File Photo

The European Commission outlined different options for taxing digital companies as the 28-nation bloc seeks to raise money from an industry that it says provides less than it should to public coffers. 

Europe’s current tax rules were designed for the traditional economy and don’t capture companies’ activities based on intangible assets and data, the commission said on Sept 21 in an emailed statement.  

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