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UK to levy additional tax on big tech companies beginning April 1st
The UK's two percent tax on large, multinational tech companies goes into effect on April 1st. As much as big tech companies in the US may object, this is not an April Fools' Day joke. Unsurprisingly, the US government strongly objects.
G20 leaders will discuss raising taxes for big tech firms next week
For years, European countries have been grappling with how to get big tech firms to pay more taxes. They've proposed interim taxes on revenues, suggested global minimum taxes and slapped companies with hefty fines. We may be getting closer to a solution. Next week, G20 finance ministers are expected to discuss a proposed tax overhaul that would target big multinational firms, including Google, Amazon, Apple and Facebook.
