The European Union is considering a tax increase on Big Tech that it weirdly believes will avoid a US backlash, but on top of that, some EU members are already against it.
The EU is looking for tax income for its 2028-2034 budget from US Big Tech – image credit: EU
The EU is looking for tax income for its 2028-2034 budget from US Big Tech – image credit: EU
Back in July 2025, the European Union dropped its plans for a tax on Big Tech firms, seemingly as part of a move to appease Trump during trade negotiations. Now according to the Financial Times, the EU has a new plan that would raise similar sums without specifically being a digital tax.
Instead of targeting only digital firms, the EU proposes a levy on all companies over a certain size. At present, the proposal is for firms with annual revenues of around $117 million (100 million Euros) in the region.