Europe could target Silicon Valley with taxes to help it rebound from the coronavirus-fueled recession

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Europe could target Silicon Valley to help it rebound from the coronavirus-fueled recession

After an online discussion with Facebook's CEO Mark Zuckerberg last week, European Commissioner Thierry Breton brought up the issue of taxation. He said on Twitter: "Being smart is good. But being too smart with taxes is never a right idea." The European Commission declined to comment Friday when asked to clarify the tweet and whether the institution is looking at changes to taxation.

"A key trend to watch is the degree to which large consumer bases in emerging markets, such as Brazil, India, and Indonesia, press ahead with new digital taxes. Indonesia, for example, is trying to collect taxes on a greater share of its e-commerce," he said.

On the other hand, taxes on consumption and income provide higher sources of government revenue, Samuel-Gibson said.France, Italy, Spain, Austria and the U.K. are some of the countries that have drafted plans for a digital tax. In the case of France, which was the first major economy to legislate a digital tax, it agreed in January to postpone collecting the first payments until next year to allow time for the OECD to come up with a deal.


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Europe is still a nation lmao

Targeted Taxes.. hit the companies or sectors for the next few years that are bringing in the money. The Cramer stay at home index is a good start. Unfortunately they will have to carry the burden for awhile until the rest of the country gets back to business. Than relief..

Europe’s response to everything - “MORE TAXES!”

'Increase fairness' would be more accurate than 'target'.

It would be awesome if these giants would start paying taxes at home, too!

Вы молодцы

The Overdose situation is being happened for the Financials of USA and also for entire world. EMs are gonna feel worse these awful actions' results. We gonna see how GDPs decrease, profits fall and unemployment numbers bounce due to Covid-19 issue ProfitFall MainStreet


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