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Leonid Bershidsky: This is the best way to tax Google and Facebook

It's only a matter of time before European countries start taxing tech multinationals, first individually and then in a coordinated way. The question really is how digital taxes will work, and so far, the Czech Republic appears to have the best idea.

It became clear in March that France's push for a Europe-wide tax on Big Tech's local revenues would fail for now. Germany torpedoed it because of fears of U.S. retaliation against European multinationals, especially German carmakers, and the European Union now is waiting for the Organization for Economic Cooperation and Development to come up with a global plan.