News Summary

• The European Commission is looking to collect more money from Apple, Meta, Google, and other US tech companies.
• The Commission plans to do this by introducing a levy on large companies overall.
• Their goal is to avoid a tax that targets only tech companies, which could upset the Trump administration.
• Any EU tax plan must be approved by all 27 member states, so each government has the power to veto it..
• President Donald Trump has often criticized EU rules on Big Tech, and earlier digital tax plans in Europe have stalled because of threats of US trade retaliation.