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Amazon may face a 3% revenue tax in the EU

Amazon may face a 3% revenue tax in the EU

Amazon may face a 3% revenue tax in the EU

(Bloomberg)—Large digital companies operating in the European Union, such as Amazon.com Inc., Alphabet Inc., could face a 3% tax on their gross revenue based on users’ locations, according to a plan by the European Commission. The proposal by the EU’s executive arm outlines how a targeted levy on sales would increase the tax bill technology […]

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