Skip to Content
Policy

The EU could make Big Tech pay tax on its turnover

The European Commission has outlined a new plan that it thinks could make Silicon Valley pay its fair share.

The news:  Reuters reports that a new tax proposal would force any firm with global revenue over $920 million to pay 3 percent tax on EU revenues above $60 million.

But: The rules must be approved by EU lawmakers. It’s unclear if that will happen.

The idea: Many European nations think Big Tech pays too little tax. This is a measure to try to fix the problem, and would hit most of the biggest culprits—from Google and Apple to Uber and Airbnb.

Why it matters: International tech tensions are running high, and and the EU is bracing for a possible trade war with the US. This could further complicate matters.

Deep Dive

Policy

A brief, weird history of brainwashing

L. Ron Hubbard, Operation Midnight Climax, and stochastic terrorism—the race for mind control changed America forever.

Why the Chinese government is sparing AI from harsh regulations—for now

The Chinese government may have been tough on consumer tech platforms, but its AI regulations are intentionally lax to keep the domestic industry growing.

Eric Schmidt: Why America needs an Apollo program for the age of AI

Advanced computing is core to the security and prosperity of the US. We need to lay the groundwork now.

AI was supposed to make police bodycams better. What happened?

New AI programs that analyze bodycam recordings promise more transparency but are doing little to change culture.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.