Tech Giants Set to Face 3% Tax on Revenue Under New EU Plan
What right does the EU have to tax revenue (not even earnings) from money made on non-EU citizens? I could understand an argument that they have a right to levy a tax on money created by selling services to EU citizens, but global revenues?<p>They mention Twitter as an example in the article, but Twitter&#x27;s revenues for 2017 was $3.83 billion, and their net-earnings is mostly negative, or barely positive. So they&#x27;d be asking Twitter for money they don&#x27;t even have.<p>This seems too crazy to pass, like the Trump tariffs, it just seems to be a footgun.