Big Tech has to pay a “fair amount” of taxes in Europe, especially as they are the “real winners” of the coronavirus crisis, a top European official told CNBC Saturday.
“It is a major problem,” Paolo Gentiloni, European Commissioner for economics and taxation, told CNBC at the European House Ambrosetti Forum, acknowledging the difficulty in overcoming differences with the United States. Read more…..
Chart of the Day
Markets are booming despite Australia and the rest of the world being in the midst of the deepest economic slowdown since the Great Depression. So what’s driving this growing disconnect between Wall Street and main street?