EU will have agreed a tech tax by March, says French finance minister

[tangor]

The European Commission had suggested a 3 per cent levy on firms with a global annual turnover of €750m and annual EU revenue of at least €50m – but the measures were branded fundamentally flawed by some nations.

[theregister.co.uk...]
A sign of things to come? Where you pay to play, one way or the other?

[graeme_p]

a 3 per cent levy on firms with a global annual turnover of €750m and annual EU revenue of at least €50m

Is not going to affect most of us.

Unhappiness about the UK going it alone seems odd given Brexit. France doing the same seems more of a problem.

[JS_Harris]

Socialists keep saying they need the individual tax rate of everyone to be at or above 75% of their income. The European commision is very socialist right now. This is called a tax grab, plain and simple. Citizens used to have protection against new taxes like this at the country level but, apparently, not at the EU level.

[iamlost]

I would be thrilled, thrilled I tell you, to pay the EU 3% of my €50m EU revenue...
if I had €50m EU revenue...

ah umm, would be even more thrilled if I had €750m global annual turnover...

Now at least, I have a goal!
Thanks, European Commission!

Ah, let's see now, given average YoY increases and average annual inflation I should manage this by, oh darn; perhaps my great grandkids?