Taxing time for global tech giants

The European Union’s tax plans for the big technology companies spells trouble for Ireland

28th June, 2018
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"Digital or internet companies are paying several times less the effective corporate income tax rates than traditional companies,” said Valdis Dombrovskis, the European Commission vice president for financial services. Pic: Getty

Tax and technology giants is a hot topic in Brussels - and that’s not good news for Ireland.

While the government in Dublin insists it remains committed to the idea of tackling the thorny tax issue in a global way - through the OECD’s Beps process - French president Emmanuel Macron is leading the charge for an immediate short-term digital tax as a way of raising revenue from the likes of Apple, Google...

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