Sunday November 29, 2020

Donohoe drafts China to oppose EU digital tax

Like Ireland, China also believes there should be a global approach to taxing digital companies, rather than one that just applies in EU member states

Michael Brennan

Political Editor

29th April, 2018

The Minister for Finance Paschal Donohoe has secured the backing of China in his fight against the EU’s proposed emergency digital tax.

The tax would see tech companies like Google, Apple, Facebook and Amazon subjected to a new 3 per cent tax on their sales in EU countries. The Revenue Commissioners have warned that Ireland be would the worst hit of the main EU states by the move, with potential falls in corporation...

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