East of England MEP Alex Mayer backed new EU policies to clamp down on tax avoidance by tech giants such as Facebook.
Plans to ensure digital companies pay tax on profits in the country where they are generated were unveiled today. The measures would enable governments to tax profits that are generated in their countries, even if a company does not have a physical presence there.
Alex Mayer MEP, a member of the European Parliament's economic and monetary affairs committee, said: “Every day 20 billion emails and 150 million social media posts are written, as well as 650 million online searches being carried out across Europe. Yet, on average, digital businesses pay only 9.5 per cent tax. The Government must get behind these proposals, and ensure we keep them when the UK leaves the EU.”
The measures were announced just days after Facebook was also accused of allowing Cambridge Analytica to breach data privacy laws.
The Labour MEP continued: “The fair taxation of digital giants like Facebook is long overdue. These companies have given too little back for far too long. It's time for tech giants such as Facebook, Amazon and Google to play by the rules on tax and their users' privacy."