How Facebook, Apple , Google and Amazon act upon their strategy for Europe taxations and make things smoothing toward tax authorities in Europe. Find our some interesting fact about these big tech company.
Silicon Valley and NYC aren’t the only places with a lot of foreign tech workers: according to a report released Thursday by Brookings Institute, metro areas like Dallas, Detroit and Durham-Chapel Hill have a big share of workers on H-1B visas, the most common visa for highly skilled foreigners. Click through for the Top 10 U.S. cities with the most high-skilled workers.
The European Union is getting increasingly worried about the dominance of Big Tech and has launched a program to boost the European tech sector.
Apple, Facebook, Amazon and Google are all feeling the pressure, finding themselves under the scrutiny of authorities.
Here is what the European watchdogs don’t like:
The EU is preparing to launch an antitrust investigation into Apple’s new online music streaming service, according to reports. In particular, officials are probing Apple’s agreements with record labels to see if it was trying to illegally sideline its rivals.
Apple did not comment on the investigation.
Apple has also been accused of artificially lowering its European tax bill for decades through a deal with Ireland, where the company’s European arm is based.
The EU is now investigating the matter. If it decides Apple breached rules, the iPhone maker could be hit with a higher tax rate and back taxes.
In a separate class action against Facebook, roughly 25,000 Europeans accused Facebook of not respecting their privacy rights and sharing their data with third parties.
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