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The European Commission will present by the end of March its plan for overhauling tax rules for internet giants Cheap College Jerseys , aimed at making them pay up in the countries where they earn their profits, a top official said Sunday.


EU Economic Affairs Commissioner Pierre Moscovici told France's Radio J that his proposals would "create a consensus and an electroshock" on taxing digital economy revenues.


Under EU law, American technology titans like Google and Facebook can choose to report their income in any member state, prompting them to pick low-tax nations like Ireland, the Netherlands or Luxembourg.


That deprives other nations in the bloc of any of the tax revenue, even though they may account for a bigger share of the earnings.


The Organisation for Economic Cooperation and Development says such rules cost governments around the world as much as $240 billion (193 billion euros) a year in lost revenue Cheap Jerseys China Free Shipping , according to a 2015 estimate.


"The idea is to be able to identify the activities of digital companies, so we need a range of indicators -- the number of clicks, the number of IP addresses, advertising, and eventually revenues... and then we'll find ways to tax them," Moscovici said.


He said the new rules would apply to giants like Google Cheap Jerseys China Wholesale , Apple, Facebook and Amazon -- together known as GAFA -- as well as services like AirBnB and Booking.


"When you rent a room on Booking, it generates considerable revenue for a company which we don't really know where it's located, and which pays very little in taxes," he said.


On average internet giants pay a tax rate of 9 percent in Europe, compared with an average corporate rate of 23 percent Cheap Jerseys Free Shipping , Moscovici said.


Agencies


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China's Liu Shiwen competes against Brazil's Lin Gui during women's team first round match of table tennis at the 2016 Rio Olympic Games in Rio de Janeiro， Brazil， on Aug. 12， 2016. (XinhuaWang Peng)


Some of Intel Corp’s data center customers, whose thousands of computers run cloud networks, are exploring using microchips from the market leader’s rivals to build new infrastructure after the discovery of security flaws affecting most chips.


Whether Intel sees a slew of defectors or is forced to offer discounts, the company could take a hit to one of its fastest growing business units. Intel chips back 98 percent of data center operations, according to industry consultancy IDC.


Security researchers last week disclosed flaws, dubbed Meltdown and Spectre Cheap Sports Jerseys , that could allow hackers to steal passwords or encryption keys on most types of computers, phones and cloud-based servers.


Microsoft Corp said on Tuesday the patches necessary to secure the threats could have a significant performance impact on servers.


Intel will help customers find the best approach in terms of security, performance and compatibility, it said in a statement on Tuesday. “For many customers, the performance element is foremost, and we are sharply focused on doing all we can to ensure that we meet their expectations.”


Alternatives include Advanced Micro Devices Cheap New Jerseys , which shares with Intel a chip architecture called x86, or chips based on technology from ARM Holdings or graphics processing chips, which were developed for different tasks than Intel and AMD’s central processing units, or CPUs.


For Gleb Budman’s company, San Mateo-based online storage firm Backblaze, building with ARM chips would not be difficult.


“If ARM provides enough computing power at lower cost or lower power than x86 Cheap Wholesale Jerseys , it would be a strong incentive for us to switch,” said Budman. “If the fix for x86 results in a dramatically decreased level of performance, that might increasingly push in favor of switching to ARM.”


Infinitely Virtual, a Los Angeles-based cloud computing vendor, is counting on Intel to replace equipment or offer a rebate to make up for the loss in computing power, Chief Executive Adam Stern said in an interview.


“If Intel doesn’t step up and do something to make this right then we’re going to have to punish them in the marketplace by not purchasing their products Cheap Jerseys From China ,” said Stern, whose company relies exclusively on Intel processors.


Cloud providers said swapping out previously installed Intel chips for rivals’ would be too complex, but moving forward they could expand their networks using alternatives.


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