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U. S. Counterparts the idea was floated a meeting of the g twenty in the argentinean capital when his ideas on sunday and its not likely to go down well with the u. S. Tech giants. Its an idea the e. U. Started toying with earlier this year Digital Companies should pay their fair share of taxes during last weekends g twenty meeting e. U. Finance leaders made sure the proposal was on the docket. Like every other company tech giants like google are required to pay taxes on their profits however many use creative accounting twelve voigt paying their full share thats why the e. U. Wants to start taxing the revenues instead of the profits that large Digital Companies earn in european countries. The new measure would force Digital Companies with significant presence in europe to pay a three percent tax on the e. U. Revenues brussels hopes the tax will raise five billion euros a year. Tech giants already pay disproportionately low taxes and the money they earn isnt accounted for in president
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