‘EU lost up to €5.4b in tax revenues from Google, Facebook’

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‘EU lost up to €5.4b in tax revenues from...
 © CyprusWeekly 2017
European Union states could have lost 5.4 billion euros in tax revenues from Google and Facebook between 2013 and 2015, according to a report of the EU lawmaker responsible for a corporate tax reform that could raise online giants’ tax bill.

The document, seen by Reuters, will be published on Thursday, the day before EU finance ministers begin a two-day meeting in the Estonian capital Tallinn, in which they will discuss how to increase taxes on large online businesses accused of paying too little in Europe.

Digital multinationals “minimize the overall tax burden in the EU...


‘EU lost up to €5.4b in tax revenues from Google, Facebook’


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