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.
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Why can’t tech fix its gender problem?
A new generation of tech activists, organizers, and whistleblowers, most of whom are female, non-white, gender-diverse, or queer, may finally bring change.
How the idea of a “transgender contagion” went viral—and caused untold harm
A single paper on the notion that gender dysphoria can spread among young people helped galvanize an anti-trans movement.
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At the Shanghai Cooperation Organization summit, Iran, Turkey, and Myanmar promised tighter trade relationships with Russia and China.
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