The European Union Commission has abandoned plans to tax digital companies, according to Politico, a move that marks a major victory for U.S. President Donald Trump and U.S. tech giants such as Apple (AAPL. O) and Meta Platforms (META. O). The documents show that as trade talks between Europe and the United States enter the final sprint, Brussels removed the digital...
On July 12, according to Politico, the European Union Commission has abandoned plans to tax digital companies, marking a major victory for US President Donald Trump and US tech giants such as Apple (AAPL. O) and Meta Platforms (META. O). The document shows that Brussels has removed the digital tax option from its seven-year fiscal plan launched in 2028 as trade talks between Europe and the United States enter the final sprint. Top European Union officials are in key negotiations over the budget ...