|EU To Hit Apple, FANG Stocks With Digital Tax If Ireland Goes Along|
It's likely the European Commission will slam U.S. tech and internet giants
Google, Apple ( AAPL ), Facebook ( FB ) and Amazon.com ( AMZN ) with
taxes on digital revenue, says a Cowen & Co. analyst.
France is pushing the EU to squeeze more money out of the U.S. companies,
with Germany, Spain and Italy also supporting the move. Ireland, which has
had tax-friendly policies for large multinational companies, may fight digital
taxes. But Ireland could be swayed to go along with some political horse
trading, Paul Gallant, Cowen analyst, said in a note to clients.
More at: nasdaq.com