Read more at https://www.channelnewsasia.com/news/world/eu-tech-titans-tax-plan-riles-washington-10051230
(Updated: )
Ricky Lim ·
Singapore
The EU plan comes as Brussels and Washington are at odds over US President Donald Trump's intention to impose steel and aluminium tariffs.
Brussels is seeking an exemption from the tariffs but is preparing to retaliate if Trump goes ahead.
The EU has turned the screw on US tech giants recently, ordering Apple in 2016 to repay €13 billion in back taxes to Ireland, and hitting Google with a record €2.4-billion fine in June last year for illegally favouring its shopping service in search results
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Brussels is seeking an exemption from the tariffs but is preparing to retaliate if Trump goes ahead.
The EU has turned the screw on US tech giants recently, ordering Apple in 2016 to repay €13 billion in back taxes to Ireland, and hitting Google with a record €2.4-billion fine in June last year for illegally favouring its shopping service in search results
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Now Trump got a taste of its own medicine (his tariff and trade war).
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