Europeans Not Giving Up On Internet Taxes

Joe Kennedy November 14, 2018
November 14, 2018

In response to the Wall Street Journal editorial “A European Digital Retreat” (Nov. 7), Joe Kennedy writes that the European Commission finance ministers’ apparent decision to drop the proposed tax on revenues doesn’t significantly reduce the probability that U.S. companies will face higher taxes in the near future. Several governments seem determined to enact their own taxes on digital services. The U.K. has already announced its intention to pass a revenue tax on large digital companies, and as many as a dozen other countries may join them. The demise of the revenue tax may speed their decision.