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Tech Giants Set to Face 3% Tax on Revenue Under New EU Plan
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Tech Giants Set to Face 3% Tax on Revenue Under New EU Plan

Large digital companies operating in the European Union, such as Alphabet Inc. or Twitter Inc., could face a 3 percent tax on their gross revenues based on where their users are located, according to a draft proposal by the European Commission. The draft, seen by Bloomberg, was circulated on Friday and outlines how a targeted…

GOP tax law leads to a tax hike, more revenue in some states
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GOP tax law leads to a tax hike, more revenue in some states

BATON ROUGE, La. (AP) — The Republican tax overhaul is giving most Americans a break on their federal income taxes. But fallout from the same law means many people could actually see their state income taxes rise. For some state governments, the prospect of getting more revenue without actively raising taxes is almost too good…