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EU lawmakers want to tax Big Tech to fund budget

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As they scramble to agree on a 2028-2034 budget, EU lawmakers proposed some funding could come from a 'digital levy'

As they scramble to agree on a 2028-2034 budget, EU lawmakers proposed some funding could come from a 'digital levy'

EU lawmakers on Thursday demanded a European Union-wide tax on the world's biggest tech companies and online gambling sites to help fund the 27-country bloc's next seven-year budget.

The EU is facing one of its biggest battles this year over the 2028-2034 budget, which the executive set at two trillion euros ($2.3 trillion).

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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