EU is considering taxing big US tech companies through a broad levy on large corporations in an effort to raise revenues for the EU, while avoiding a backlash from the Trump administration, accorrding to FT

The EU has a long record of attempting to tax large US technology groups, with earlier digital services tax proposals repeatedly stalling against US objections and threats of tariff retaliation; the pattern has been levy floated, Washington pushed back, member states split, proposal diluted or deferred. The notable feature here is the reported workaround: repackaging the measure as a broad levy on large corporations rather than a tech-specific tax is designed to blunt the discrimination argument that has been Washington's principal legal and trade grievance. The immediate questions are whether the design survives that test in practice, since a levy whose incidence still falls overwhelmingly on US-headquartered firms invites the same retaliation regardless of its formal breadth, and whether member-state unanimity, the standing obstacle to EU tax measures, is achievable. On the trade side, prior episodes of transatlantic tax friction have tended to run through tariff threats against European goods rather than direct action against the tech names themselves, which is where the equities read-across has historically concentrated. The follow-ons are the formal proposal text, the response from Washington, and any parallel movement in the OECD pillar negotiations, which have previously been the venue where such disputes get absorbed.