Ahead of a meeting of the bloc’s finance ministers, who are discussing a proposed levy on tech giants on their revenues, The Financial Times claimed that the most active lobbyists for the new tax are to come up with concessions to rescue their plans to put an end to firms escaping taxes in the EU.
European Commissioner for Economic Affairs Pierre Moscovici stated at a meeting of the bloc’s finance ministers that they can’t make the new legislative proposal that France and Germany have pleaded for. He urged the EU to reach a compromise on the revenue levy for digital giants by March. He also pointed out that there’s room for manoeuvre along the lines of the new draft.