• The article discusses the recent announcement by the European Union (EU) that it will impose a new tax on tech giants like Amazon, Apple, Facebook, and Google. The tax, known as the "digital services tax," is aimed at ensuring that these companies pay their fair share of taxes in the countries where they operate, rather than shifting profits to low-tax jurisdictions.

• The digital services tax will be levied at a rate of 3% on the revenue generated by these tech companies from certain digital services, such as online advertising, the sale of user data, and the provision of digital platforms. The tax is expected to generate around €5 billion in annual revenue for the EU, which will be distributed among the member states based on where the revenue is generated.

• The implementation of the digital services tax has faced some opposition, particularly from the United States, which has argued that it unfairly targets American tech companies. However, the EU has defended the tax as a necessary measure to ensure that the digital economy is taxed fairly and that the benefits of the digital revolution are shared more widely across society.