German SPD leader takes aim at U.S. tech giants
Reuters
Published Dec 07, 2017 06:48AM ET
German SPD leader takes aim at U.S. tech giants
BERLIN (Reuters) - The leader of Germany's Social Democrats (SPD) took aim at U.S. technology firms Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL) on Thursday, saying a strong Europe was needed to make sure they stick to the rules.
Martin Schulz, who hopes to persuade his party to approve talks with Chancellor Angela Merkel on forming a new coalition, told a congress of his SPD party that Ireland was complicit in allowing companies like Apple to avoid billions of euros in tax.
He also called for the creation of a European finance minister, who should fight tax evasion by reining in the race to the bottom in tax policy among member states.
"Only a strong Europe can force platform giants like Facebook and Google to respect our rules and basic rights," he said.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.