European Commission to Outline New Ways to Tax Digital Companies

The European Commission will outline different options for taxing digital companies as the 28-nation bloc seeks to raise money from an industry that it says provides less than it should to public coffers. The commission plan, a draft of which was obtained by Bloomberg, comes the week after European Union finance ministers discussed how to adjust levies for companies such as Inc. and Facebook Inc. in a way that better reflects their economic activity and ensures they pay their fair share.