Europe assesses new tech company tax

The European Commission is considering the introduction of a new tax on large companies operating within the European Union, aiming to increase revenue without directly targeting the digital services sector, in order to avoid escalating tensions with the United States. The revised proposal includes all companies with annual revenues exceeding 100 million euros and covers various sectors, with the possibility of adjusting the thresholds to increase the amount collected—particularly from major technology firms. This tax, known as the "European Corporate Resource," aims to generate approximately 60 billion euros annually starting from 2028. However, the proposal faces opposition from some countries concerned about its impact on mid-sized European firms and potential trade tensions with Washington.

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