Re: Enough said...
@Spartacus, the digital services tax is not on profit. It's on revenue. See this?
The EU's proposed tax is a 3 per cent levy on firms with a global annual turnover of €750m and annual EU revenue of at least €50m. This would hit around 200 companies and boost member states' coffers by about €5bn.
The bold is mine. So yes, Soundcloud and Spotify would most certainly fall into this. If the US goes for a tit-for-tat response (which, given the current administration, they are likely to do), both Swedish digital giants would see a fat slice of their profits go to Washington, D.C.
Biting the hand that feeds IT
