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EU Shifts Focus: Ditches Digital Tax for New Levies

7/12/2025

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Summary

Story summary

In a strategic pivot, the EU has dropped plans for a digital services tax on tech giants from its budget proposal, opting instead for new levies on corporations, tobacco, and electronic waste. This move seeks to ease trade tensions with the U.S. while aiming to generate €25-30 billion annually for debt recovery efforts.

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Story summary

In a strategic pivot, the EU has dropped plans for a digital services tax on tech giants from its budget proposal, opting instead for new levies on corporations, tobacco, and electronic waste. This move seeks to ease trade tensions with the U.S. while aiming to generate €25-30 billion annually for debt recovery efforts.