Smaller EU Nations Oppose Plan to Tax Digital Revenues for Large Firms

A European Commission plan to tax the digital turnover of large companies drew scepticism from the global rule-setting body on tax matters and some EU states, which called instead for an international solution. The criticism came at the first meeting of EU ministers to discuss the plan, which was presented by the Commission last month and entails a 3 percent levy on the digital revenues of large multinational corporations such as Google, Facebook and Amazon.