Tuesday, 19 November 2019
The Czech government has approved a new 7-percent digital tax on global internet giants, Reuters reports. The tax will be imposed on companies’ revenue from services provided to Czech users; such as targeted advertising, digital market places, and user data sales. The tax will still need to be confirmed by lawmakers in parliament, but if it goes through, the Czech Republic would join other EU countries that are trying to rein in international tech giants with stricter taxation. Both Italy and France have started implementing their own digital taxes after attempts at putting together an EU-wide tax failed last year.…
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