EU competition tsar: Brussels will target Facebook and Google’s Irish billions

EU competition tsar Margrethe Vestager has said that the Irish operations of technology multinationals, such as Google and Facebook, should be targeted by enhanced tax rules.

It comes in the wake of both the companies’ Irish arms posting multibillion revenue increases late last month.

“It tells me that we need a better tax system when it comes to digital companies,” she said, commenting on filings recently made by the Irish subsidiaries of the ...