EU likely to shelve digital tax plan that would target Apple

Just ahead of its next multi-year budget proposal, the European Commission is walking back plans to impose a digital tax on Big Tech companies, handing a win to both U.S. tech giants like Apple and Meta, and to President Trump.

Out with the digital tax, in with a few more

Initially pitched as a way to help repay the EU’s shared pandemic-era debt, the digital levy was floated in May and appeared in internal drafts of the bloc’s next seven-year budget, now expected to be published…