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EU likely to shelve digital tax plan that would target Apple and other Big Tech companies
The European Commission seems to be walking back plans to impose a digital tax on Big Tech companies, such as Apple and Meta.
Initially pitched as a way to help repay the EU’s shared pandemic-era debt, the digital levy was floated in May and appeared in internal drafts of the bloc’s next seven-year budget, now expected to be published by the European Commission this Wednesday, July 16. However, as European Union and U.S. negotiators enter the final stages of talks over a broader trade agreement, the Commission has pulled the tax from its list of proposed revenue sources. He began covering Apple news in Brazilian media in 2012 and later broadened his focus to the wider tech industry, hosting a daily podcast for seven years.
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