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Italian senate approves 'web tax', delays it until 2019

Monday 27 November 2017 | 15:40 CET | News
Italy's senate budget commission has approved plans to implement a new 'web tax' aimed at internet giants but delayed its introduction until January 2019. Under the terns of the amendment to the budget law proposed by the president of the Senate's industry committee Massimo Mucchetti, a series of measures will be imposed to tax in Italy income generated by digital multinationals irrespective of whether they are materially present in the country. The Italian government is hoping to initially raise between EUR 100 and 200 million a year in revenue, although the measure could eventually generate

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Categories: Internet
Companies: Alphabet / Amazon / Apple / Google
Countries: Italy
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