President Donald Trump is stepping up to defend Apple. Well, kind of.
The president ordered an investigation into France’s planned tax on big tech companies like Apple, Alphabet, Facebook and Amazon. The Office of the United States Trade Representative said the tax “unfairly targets” American companies.
Update 1:France passed the tax Thursday, according to Agence France-Presse: “The legislation — dubbed the GAFA tax in an acronym for Google, Apple, Facebook and Amazon — was passed by a simple show of hands in the Senate upper house after it was agreed by the National Assembly lower chamber earlier this month.”
The United States should follow the European Union’s lead and investigate Silicon Valley tech giants monopoly-like powers, President Donald Trump says.
Speaking with CNBC, Trump said “something’s going on” when it comes to the concentrated power of today’s tech titans. By fining these companies, he says that the EU gets “all this money — we should be doing that [too.]”
Germany’s finance minister Olaf Scholz has slammed tech giants that “pay taxes nowhere.”
It’s the latest shot at tech giants such as Apple, Google, Facebook and Amazon which have previously clashed with the European Union on tax issues. In an interview with CNBC, Scholz argued that “we should find a global agreement” to shut tax avoidance loopholes.
In an op-ed for a German newspaper, Germany’s finance minister Olaf Scholz proposes a global minimum rate of corporation tax as one way to ensure that multinational corporations like Apple pay domestic taxes in line with the profits that they earn.
The European Union (EU) has long been attempting to get tech giants to stop using complex accounting tricks to shuffle profits around to minimize the amount that they pay in each country.
The European Union has given its official stamp of approval to Apple’s acquisition of UK-based music discovery app Shazam.
While the deal was announced way back in December, it has been held up until now by an EU antitrust investigation, based on the popularity of Shazam and the amount of data it holds. This investigation was requested by seven European countries, including France, Italy, Spain and Sweden.
Instapaper has finally returned to Europe following a GDPR blackout, and users can now subscribe to its new Premium plan to unlock additional features.
The service was pulled in the E.U. following the introduction of new data protection regulations, but now it’s fully compliant and ready to do business again. Here’s what you can expect if you upgrade with a Premium subscription.