taxwars
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🤯 EU's Tech Tax Nightmare!
The EU is bleeding revenue and relying on punishing US tech giants to stay afloat. Public European tech firms coughed up a measly €3.2B in income tax in 2024. Meanwhile, fines slapped on American companies totaled a shocking €3.8B – more than the entire tax contribution from all of Europe’s public tech sector combined!
Imagine if SAP decided to relocate to the US… the EU would lose roughly 50% of this already dwindling tax base. They’re essentially funding themselves with penalties. This isn’t sustainable. $DCR $AT is watching closely as this unfolds. This is a critical moment for European tech and its future.
#TaxWars #EUTech #BigTech #Finance 🚀
The EU is bleeding revenue and relying on punishing US tech giants to stay afloat. Public European tech firms coughed up a measly €3.2B in income tax in 2024. Meanwhile, fines slapped on American companies totaled a shocking €3.8B – more than the entire tax contribution from all of Europe’s public tech sector combined!
Imagine if SAP decided to relocate to the US… the EU would lose roughly 50% of this already dwindling tax base. They’re essentially funding themselves with penalties. This isn’t sustainable. $DCR $AT is watching closely as this unfolds. This is a critical moment for European tech and its future.
#TaxWars #EUTech #BigTech #Finance 🚀
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