Keep Up with Technology

292 Video

duration: 20 Hour and 0 Minute

Purchase guide
0 seconds of 0 secondsVolume 90%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

Europe outlines its plan to impose a tax on giant technology companies

00:01:54

Video prices: 5 SAR weekly

“Europe is determined to present its plan to impose a tax on the giant technology companies Google, Apple, Facebook, and Amazon.” The matter requires that these companies pay a “fair contribution” in every country in which they earn money. French Economy Minister Bruno Le Maire praised in Tallinn during the meeting of European finance and economic ministers the efforts made by France according to a new European model to tighten taxes on global Internet companies. These taxes will be based on the sales of these giant companies in the European Union. French Economy Minister Bruno Le Maire confirmed: “I am confident that at the conclusion of our meeting on Saturday we will have the support of many other member states who will share our initiative to improve the tax framework across Europe.” Even now, these companies can pay very low taxes in Europe thanks to subsidiaries in countries with low tax rates. Maria Riding, Director of Policy and Advocacy, European Development Network: “It is unfortunate that the discussion that they are about to raise now concerns a very limited number of companies, and this is in fact a big problem, as the discussion about it was discussed yesterday, even if they agreed among themselves, but the other thing that really represents a problem, and makes them not agree among themselves, is that many member states are in fact persevering when it comes to attempts aimed at imposing multinational taxes.” It was calling on member states to submit a concrete proposal on how to impose taxes on the sales of these companies. The finance ministers of France, Germany, Italy and Spain sent a letter to the European Commission and the Estonian presidency to push these companies to pay taxes where they make profits and not where they are registered. James Watson, Director of the Economics Department, European Trade Sector: “We are talking about the major global digital companies, Apple, Amazon, Microsoft, which are located in the United States of America, so we know that it poses a great challenge for Europe, to confront these global players, so we must work hard to develop our European institutions, and of course we have an effective tax system, but the matter is different for digital companies.” The European Commission urged Ireland a year ago to demand back taxes from Apple amounting to 13 billion euros, but Ireland refused.

display videos continuously:

Similar courses:

Modern Technology

Modern Technology

Number of videos: 333

Car

Car

Number of videos: 130

Motorcycle

Motorcycle

Number of videos: 125

Keep Up with Technology

Keep Up with Technology

Number of videos: 292