EU planning 'digital tax' for companies like Amazon, Google

The European Commission wants to tax large digital companies' revenues based on where their users are located rather than where their headquarters are, at a rate between 1 and 5 percent, a draft Commission document showed.

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The European Commission wants to tax large digital companies' revenues based on where their users are located rather than where their headquarters are, at a rate between 1 and 5 percent, a draft Commission document showed.