The European Union has dropped its plan for a tax on Big Tech firms, likely as part of attempting to secure a more favorable trade deal with Trump. Negotiations are being held in Brussels over EU ...

Just ahead of its next multi-year budget proposal, the European Commission is walking back plans to impose a digital tax on Big Tech companies, handing a win to both U.S. tech giants like Apple ...

EU executive was eyeing taxing tech giants as an extra source of income for the bloc’s budget. The Commission is open to ...

The final taxation proposals are due to be published on July 16, 2025, and will be for the budgets beginning in 2028. Unless the EU reinstates its digital tax proposal, the move is being seen as a ...