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Former President Donald Trump has threatened a 100% tariff on any country taxing US tech firms with digital services taxes, just a day after the EU ratified a trade deal. Brussels defiantly stated taxation is its sovereign right and will not back down. This sets up a major international standoff over digital taxation, challenging Europe's years-long efforts to regulate tech giants and impacting future trade relations.
Washington Governor Bob Ferguson has announced he will sign the revised 'millionaires tax' bill, Senate Bill 6346, despite intense debate within the state's tech and business communities. The legislation, imposing a 9.9% tax on incomes over $1 million starting in 2028, aims to rebalance the state's tax system and fund key affordability initiatives.
