From Yahoo Finance: 2025-05-31 06:45:00

Germany is considering a 10% tax on major online platforms like Alphabet Inc. and Meta Platforms Inc. President Trump disapproves, accusing these companies of “cunning tax evasion.” The proposal highlights concerns about tech giants’ monopolistic tendencies and their impact on freedom of expression.

This move comes amidst global scrutiny of tech giants. The EU is also considering retaliatory measures against U.S. tech companies. If implemented, Germany would join other countries like France and Spain in taxing digital service providers. Alphabet’s shares fell 0.24% while Meta’s rose 0.23% in response to the news.



Read more at Yahoo Finance: Germany Considers 10% Digital Tax On Tech Giants Alphabet, Meta: Report