Brussels looks to capture Big Tech through tax on large corporations, FT reports

Brussels ​is ​considering taxing ‌big US tech ​companies through a broad ‌levy on large corporations in an effort to raise revenues for ‌the EU while avoiding ‌a backlash from the Trump administration, the Financial Times reported ⁠on Wednesday. The ​European ⁠Commission was working on new ⁠ways to capture more income from ​tech groups such as Apple, ⁠Meta and Google without singling ⁠them ​out, the newspaper reported, citing six officials with ⁠knowledge of the discussions.

Reuters could not ⁠immediately ⁠verify the report.