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Time management nnoun: Refers to person, place, thing, high quality, and so forth. Conventional companies pay on average 23% tax within the EU, but digital companies pay only 8% or 9%. Many governments plan to introduce a â€˜digital tax’ of a percentage of tech companies’ income in their very own nations, fighting again in opposition to US tech giants that evade taxes by domiciling their profits in Ireland or the Netherlands.