EU Leaders Seek Proposals on How to Tax Online Companies

European Union leaders said they looked forward to seeing proposals on taxing online giants by early 2018 but in a nod to concerns from countries like Ireland said EU efforts had to be in line with work under way at a global level. European countries are split over whether online companies such as Google, Facebook and Amazon should pay more tax, with smaller EU members such as Ireland and Luxembourg -- which host many online businesses -- worried that taxes would hurt their competitiveness without a global solution.