{"id":353316,"date":"2018-03-22T07:53:03","date_gmt":"2018-03-22T06:53:03","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-eu-reveals-a-digital-tax-plan-that-could-penalize-google-amazon-and-facebook\/"},"modified":"2018-03-22T07:53:03","modified_gmt":"2018-03-22T06:53:03","slug":"prison-planet-com-eu-reveals-a-digital-tax-plan-that-could-penalize-google-amazon-and-facebook","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-eu-reveals-a-digital-tax-plan-that-could-penalize-google-amazon-and-facebook\/","title":{"rendered":"Prison Planet.com \u00bb EU reveals a digital tax plan that could penalize Google, Amazon and Facebook"},"content":{"rendered":"<div>\n<p>      <!-- START CONTENT --><\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2018\/03\/21\/eu-reveals-a-digital-tax-plan-that-could-penalize-google-amazon-and-facebook.html\"><strong>CNBC<\/strong><\/a><br \/>March 21, 2018<\/p>\n<p><strong>Tech giants including Google, Amazon and Facebook could soon face higher taxes in Europe.<\/strong><\/p>\n<p>The European Commission \u2014 the executive arm of the European Union (EU) \u2014 unveiled plans Wednesday to tax companies where they actually generate business, rather than where they are headquartered.<\/p>\n<p>The proposed changes to how digital businesses are taxed could substantially increase the amount such firms have to pay in taxes.<\/p>\n<p>According to data from the European Commission, digital companies pay on average an effective tax rate of 9.5 percent \u2014 compared to 23.2 percent for traditional businesses.<\/p>\n<p>\u201cThe digital revolution has overturned our economies and also shaken profoundly the way businesses create value today,\u201d Pierre Moscovici, the EU\u2019s commissioner for taxation said at a press conference on Wednesday, arguing that the current rules are outdated.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2018\/03\/21\/eu-reveals-a-digital-tax-plan-that-could-penalize-google-amazon-and-facebook.html\">Read more<\/a><\/p>\n<p>      <!-- END CONTENT --><\/p>\n<p style=\"color:#333; font-size:11px;\">This article was posted: Wednesday, March 21, 2018  at  8:44 am<\/p>\n<hr class=\"dotted_line\"\/>\n<hr class=\"dotted_line\"\/><!-- share and follow --><br \/>\n      <!-- end of share and follow --><\/p>\n<div class=\"print_sub\">\n<h3 class=\"sub_titles\">&#13;<br \/>\n        \t<a href=\"https:\/\/www.prisonplanet.com\/eu-reveals-a-digital-tax-plan-that-could-penalize-google-amazon-and-facebook.html\/print\/\" title=\"Print\" rel=\"nofollow\"><img decoding=\"async\" class=\"WP-PrintIcon\" src=\"https:\/\/hw.prisonplanet.com\/wp-content\/plugins\/wp-print\/images\/printer_famfamfam.gif\" alt=\"Print\" title=\"Print\" style=\"border: 0px;\"\/><\/a><br \/>\nPrint this page.<\/h3>\n<\/p><\/div>\n<hr class=\"dotted_line\"\/>\n<hr class=\"dotted_line\"\/>\n<p><!--\n      \n\n<div class=\"nextpage\">\n              <\/div>\n\n \n -->    <\/p>\n<p><!--\n<iframe loading=\"lazy\" width=\"600\" height=\"338\" src=\"https:\/\/www.youtube.com\/embed\/Gm2pZEeYN0E?list=UUvsye7V9psc-APX6wV1twLg\" frameborder=\"0\" allowfullscreen><\/iframe>\n--><\/p><\/div>\n<p><a href=\"http:\/\/www.prisonplanet.com\/eu-reveals-a-digital-tax-plan-that-could-penalize-google-amazon-and-facebook.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBCMarch 21, 2018 Tech giants including Google, Amazon and Facebook could soon face higher taxes in Europe. The European Commission \u2014 the executive arm of the European Union (EU) \u2014 unveiled plans Wednesday to tax companies where they actually generate business, rather than where they are headquartered. The proposed changes to how digital businesses are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-353316","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/353316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=353316"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/353316\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=353316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=353316"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=353316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}