Levy Passes Quietly

The most likely path is that Brussels frames the measure as a broad corporate tax rather than a digital services tax, lowering the odds of immediate U.S. retaliation. The burden still falls disproportionately on Apple, Alphabet, Meta, Amazon and Microsoft because of their European revenue and profit structures.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.