Italy holds on to digital tax despite threats from the US

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After France, Italy also plans to go ahead alone in taxing large Internet companies. Deputy Minister of Economic Affairs Antonio Misiani said that the passage in the draft budget law had been confirmed. The government expects revenues of up to $ 600 million annually.

"We are not planning any changes." Accordingly, the new tax from the beginning of next year will grab and account for three percent of all transactions on the Internet. Are affected

especially big US tech companies like Facebook, Google and Amazon.

The OECD is currently preparing an internationally agreed minimum tax for cross-border companies. France had recently advanced with its own digital tax – to the annoyance of US President Donald Trump, who is threatened with further punitive tariffs. The US has already threatened Italy because of the digital tax. (Keystone SDA / ts)



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