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27th Nov 2021

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EU pauses digital tax, for sake of wider deal

The EU has temporarily paused its own plans to create a new tax on online sales, targeting US firms such as Google, in order to help forge new minimum-tax rules at the global level, the European Commission said Monday. "We will work together to reach this global agreement," EU economic affairs commissioner Paolo Gentiloni said, referring to an emerging G-20 level accord on how to tax tech giants more.

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EU to open up 'black box' of political ads

Paid political ads will have to show how much was spent on the ad, the sources of funds, the name of the sponsor. "Without providing this information, political advertisement will be illegal," commission vice-president Věra Jourová said.

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