Mark Zuckerberg pressed Trump on digital taxes – Business News
Meta Platforms CEO Mark Zuckerberg had visited President Trump final week to debate the risk of digital service taxes, Bloomberg News reported on Thursday, citing people conversant in the non-public assembly.
Days after the assembly, Trump threatened international locations which have digital taxes with “subsequent additional tariffs” on their items if these nations don’t take away such laws.
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Meta and the White House didn’t instantly reply to Reuters’ request for remark on the report.
Meta Platforms CEO Mark Zuckerberg had visited President Trump final week to debate the risk of digital service taxes, Bloomberg reported. REUTERS
Trump’s administration is contemplating imposing sanctions on the EU or member state officers accountable for the Digital Services Act, over complaints that it censors Americans and imposes prices on US tech companies, Reuters reported on Monday.
Many international locations, notably in Europe, have levied taxes on the gross sales income of digital service suppliers, together with Alphabet’s Google, Meta, Apple and Amazon.
The difficulty has been a longstanding commerce irritant for a number of US administrations.
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Trump’s administration is contemplating imposing sanctions on the EU or member state officers accountable for the Digital Services Act, over complaints that it censors Americans and imposes prices on US tech companies, Reuters reported. Xinhua/Shutterstock
The majority of Meta’s income comes from its core promoting business.
The company in July reported income of $47.52 billion for the quarter ended June 30, surpassing analysts’ average estimate of $44.80 billion.
