Challenges of a Patchwork Tax System for Big Tech Companies

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Exploring the challenges and complexities of countries implementing individual taxes on multinational tech companies post-global tax reform, potentially leading to a fragmented tax environment with compliance issues and increased costs for big businesses.

Shares of electric vehicle start-up Rivian surged in extended trading after Volkswagen announced a plan to invest up to $5bn, global investment in clean energy is set to hit $2tn and the EU charged Microsoft for violating antitrust laws yesterday. Plus, the FT’s Emma Agyemang explains why a deadlock in the US Senate is threatening to upend a global tax treaty.

Mentioned in this podcast:

Rivian shares soar on Volkswagen plan to invest up to $5bn

Clean tech investment set to hit $2tn in 2024

EU charges Microsoft with antitrust violations over Teams

Global tax truce frays over fears of US Senate deadlock

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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