Giant tech companies face being charged on turnover not profitsEU leaders occupy agreed to fabricate (to make up, invent) swift” progress on raising the tax bills for digital giants such as Google and Facebook, despite warnings from smaller states that unilateral action could drive business absent from Europe.
France is pushing for a new way of taxing them on the basis of their turnover – rather than profits – to increase the amount collected from companies accused of paying too little in Europe.
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Source: theguardian.com