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Transatlantic trade rift is widening

Published 03/17/2018, 02:52 PM
Updated 03/17/2018, 02:52 PM
© Reuters.  Transatlantic trade rift is widening
  • Washington has opposed the EU's plans for a levy on digital revenues, while Brussels published a list of 200 U.S. products that would be targets for higher duties if it failed to secure an exemption from U.S. steel and aluminum tariffs.
  • According to a draft proposal by the European Commission, large digital companies operating in the EU, such as Alphabet (GOOG, GOOGL), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR), could face a 3% tax on their gross revenues based on where their users are located.
  • Previously: EU eyes revenue tax on tech giants (Mar. 05 2018)
  • Now read: Great Time To Buy The Dip: Apple To Regain Its Trillion Dollar Trajectory


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