EU considers tax on digital firms’ global profits
BRUSSELS (Reuters) – The European Union is asking its citizens to help decide on a fairer tax regime for large digital corporations that may include a tax on their global profits.Firms such as Amazon Google and Facebook have often been accused of paying too little tax within the bloc by establishing their regional headquarters in low-tax countries such as Luxembourg and Ireland.The executive European Commission has said it will make binding legislative proposals for a fair taxation of the digital economy by March.In a public consultation published on Thursday, it listed new ideas on what such a blueprint might contain.It is seeking responses on a unitary tax that would be levied on a share of digital companies global profits, divided up between the EU countries where they operate.
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