EU may require Apple and other corporations to pay annual lump-sum tax

The European Commission is weighing a compromise digital tax: an annual lump-sum contribution from all companies with EU revenue above €100mn, not just tech giants. The rate is undecided; the 27 member states must first agree on the principle.

• Threshold for the new tax is EU revenue above €100mn a year
• The contribution would be annual and lump-sum, rate not yet set
• The measure would cover all large corporations, not just digital services
• The US previously threatened tariffs in response to a tax on tech giants