Facebook, Google, Amazon Could Face EU Tax by End of 2020

Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google could get hit with taxes from the European Union after talks between the U.S. and the EU have broken down. 

The U.S. was part of a group of about 140 countries that came together to overhaul global tax rules. However, Treasury Secretary Steven Mnuchin withdrew the U.S. from those talks, saying during a hearing with the House Ways and Means Committee that there has been no progress, reports Bloomberg. 

IMAGE SOURCE: GETTY IMAGES.

Continue reading

Source Fool.com