EU eyes digital tax for revenue in proposed bulked-up budget to address crisis

The European Commission this week proposed imposing a digital tax on companies as part of a plan to fund a robust new budget framework that includes more than $800 billion for post-pandemic recovery. The U.S. government and business community have railed against digital services taxes, claiming they discriminate against U.S. companies. In its December 2019 finding that France’s digital services tax was discriminatory, the Office of the U.S. Trade Representative also threatened to investigate similar taxes under consideration by other...