Von Der Leyen Takes Aim At U.S. Tech Giants’ Low Tax Bill In Europe

www.oann.com | 7/16/2019 | Staff
Fubu_chik (Posted by) Level 3
STRASBOURG (Reuters) – Germany’s Ursula von der Leyen, seeking to become the first female head of the European Commission, has said she wants U.S. tech giants to pay “fair taxes” in the EU instead of gaming the different systems across the bloc to cut their bills.

If she should win the European Parliament’s backing for the job, and implement the policy, it could further strain ties between the European Union and the United States, already troubled by differences over trade, antitrust and politics.

Taxes - Brick - Mortar - Industries - Businesses

“I will stand for fair taxes – whether for brick and mortar industries or digital businesses. When the tech giants are making huge profits in Europe, this is fine because we are an open market and we like competition,” von der Leyen told the parliament on Tuesday before a confirmation vote at 1600 GMT.

“But if they are making these profits by benefiting from our education system, our skilled workers, our infrastructure and our...
(Excerpt) Read more at: www.oann.com
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