Europe wants G20 to make taxing digital giants top priority this year

Europe wants G20 to make taxing digital giants top priority this year

FILE PHOTO: File photo: The Google logo is seen at an event in Paris, France May 16, 2019.. EU politicians, seeking funds to prevent climate change and diminish wealth differences across the 27-nation bloc, are angry that a company like Google, with an annual profit of more than $160 billion, has been enjoying an effective tax rate in the single digits on its non-U.S. profits - around a quarter of the average tax rate in its overseas markets.. The EU has said that if there is no deal at the G20 level, its 27 countries would come up with digital tax system of their own..