The EU’s Sneaky Plan to Tax Big Tech Explained

Go to https://hensonshaving.com/TLDR and enter "TLDR" at checkout to get 100 free blades with your purchase. In this video, we’ll discuss the EU’s new plan to quietly tax US Big Tech - and whether it could work. 📰 Too Long: https://toolong.news/ 🎉 TLDR Party:  https://toolong.news/pages/tldr-party 📖 Read our Manifesto: https://tldrnews.co.uk/manifesto Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks! Sources: The EU’s plan to capture US Big Tech revenue https://www.ft.com/content/ad06ed89-f600-4694-8c95-7d53b6d3315b?syn-25a6b1a6=1 https://www.reuters.com/business/retail-consumer/brussels-looks-capture-big-tech-through-tax-large-corporations-ft-reports-2026-10-07/ EU rejects France’s calls for an EU-wide digital services tax https://www.ft.com/content/e5a76494-71df-4ee0-a85f-b28f2c94ded6?syn-25a6b1a6=1 https://www.vatcalc.com/global/eu-holds-back-on-digital-services-tax-as-us-raises-retaliation-threat/ EU’s proposed CORE mechanism https://blogs.lse.ac.uk/europpblog/2025/08/28/the-commissions-foray-into-corporate-taxation-a-core-problem-for-the-eu-budget/ https://commission.europa.eu/strategy-and-policy/eu-budget/long-term-eu-budget/eu-budget-2028-2034_en#driving-prosperity-via-competitiveness-research-and-innovation US exempted from Pillar 2 of OECD’s global minimum corporate tax agreement https://youtu.be/85voZ2FJhZk?si=6jVOHTB5CBTKvigd https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies https://www.theguardian.com/business/2021/oct/08/oecd-deal-imposes-global-minimum-corporate-tax-of-15 G7 statement on global minimum tax https://www.canada.ca/en/department-finance/news/2025/06/g7-statement-on-global-minimum-taxes.html https://www.ey.com/en_gl/technical/tax-alerts/canada-g7-releases-statement-on-global-minimum-tax-pillar-two-and-canada-rescinds-digital-services-tax European Digital Services Taxes (DSTs) https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/ https://taxfoundation.org/testimony/pillar-one-digital-services-taxes/ https://www.reuters.com/en/germany-seeks-levy-10-tax-online-platforms-like-google-2025-05-29/ Accusations of tax avoidance by Silicon Valley tech companies https://www.theguardian.com/us-news/2025/apr/15/silicon-six-accused-of-avoiding-almost-278bn-in-us-corporation-taxes-over-10-years https://itep.org/trump-meta-tesla-alphabet-amazon-obbba-taxes/ https://itep.org/amazon-alphabet-meta-tesla-pro-trump-tech-companies-avoided-taxes/ 0:00 The EU’s Sneaky Plan to Tax US Big Tech Explained 7:36 Sponsor