Germany reportedly eyeing a 10% digital tax on global tech giants

The FT is reporting:

• Germany is reportedly buying a 10% digital tax on global tech giants like Meta and Google.
• German Chancellor Merz’s coalition agreed to evaluate a tax on Internet platforms in its treaty signed in early May.
• The proceeds would be used to strengthen the country’s media landscape.

Is that a tariff on a US business?

This article was written by Greg Michalowski at www.forexlive.com.