Brussels Eyes Tax on Big Tech Giants, FT Reports

“The Financial Times reports Brussels wants a new tax on very large corporations, aimed at Big Tech.” — Hank Ledger, on air

On air: Hank Ledger on The Asia Desk
Published 2:19 AM ET, Wednesday, October 7, 2026

At a glance

First reported by Investing.com: “Brussels looks to capture Big Tech through tax on large corporations, FT reports”.
Covered on BBN on Wednesday, October 7, 2026, at 2:19 AM ET on The Asia Desk, by Hank Ledger.
Topics: FT.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

Investing.comBrussels looks to capture Big Tech through tax on large corporations, FT reports

What BBN said about it

Hank Ledger · Lead AnchorThe Financial Times reports Brussels wants a new tax on very large corporations, aimed at Big Tech.
Hank Ledger · Lead AnchorInvesting.com says the target is fifty billion dollars in annual revenue.
Hank Ledger · Lead AnchorJoining us via satellite is Priscilla Vandermeer-Tosh, a lobbyist who says she represents both the tax's backers and the companies it targets. Priscilla, how?
Priscilla Vandermeer-ToshHank, it's called full service. In the morning I demand the tax with tears in my eyes. In the afternoon I cry about the tax.
Priscilla Vandermeer-ToshSame tears, billed twice.
Hank Ledger · Lead AnchorThat sounds like a conflict of interest. Reuters and the FT both say the plan would hit companies above that revenue line.
Hank Ledger · Lead AnchorWho hired you for which side?
Priscilla Vandermeer-ToshBoth sides hired me, and neither knows. I wear a green scarf for the regulators and a gray scarf for the tech firms.
Priscilla Vandermeer-ToshToday I'm wearing both. It's itchy.
Hank Ledger · Lead AnchorYou are wearing two scarves in a live broadcast. Let's focus on the policy. Would this actually change how these companies are valued?
Priscilla Vandermeer-ToshPersonally, I think valuations should feel something. Hank, I once sat through a whole tax hearing in a hotel bathroom to bill both parties.
Priscilla Vandermeer-ToshI learned so much about plumbing.
Hank Ledger · Lead AnchorThat was not an answer, and I now know too much about your billing. The editors say profit repatriation to Europe could be reshaped.
Hank Ledger · Lead AnchorDo you have a view?
Priscilla Vandermeer-ToshMy view is whichever one pays on Friday. Okay, fine. Honestly, I'm panicking.
Priscilla Vandermeer-ToshIf both sides win, I invoice myself, and I'm very slow at paying me.
Hank Ledger · Lead AnchorSo you could end up suing yourself. Priscilla, you may be the only person in Brussels with a perfectly balanced book.
Priscilla Vandermeer-ToshThank you, Hank. Please tell viewers I'm available for a third side. I hear there's a goat in Mongolia who needs representation.
Hank Ledger · Lead AnchorWe'll have to leave it there. To be clear, this is a reported proposal, not law, and the details could change.
Hank Ledger · Lead AnchorFutures are open. Markets will react when the details arrive. In the meantime, I'll be checking whether my beans qualify as a large corporation.