EU Executive Arm to Take New Tack in Taxing Tech Giants

The European Union’s executive body on Wednesday pledged to make a proposal for new rules to tax internet giants, such Alphabet Inc.’s Google and Facebook Inc., embracing France’s push for extra measures within the bloc to squeeze more money out of large multinationals operating in Europe.

The move by the European Commission comes amid a joint drive for the tax led by France and including Germany, Spain and Italy. European Commission…

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