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Italy approves plan to levy web tax from 2020

Friday 18 October 2019 | 09:40 CET | News
Italy's council of ministers has approved a new tax on digital companies as part of its 2020 draft budget, a move that responds to the OECD's recent proposals to tax multinational businesses. The new measure will require companies such as Google, Amazon and Facebook to pay a 3 percent levy on internet transactions with a view to raising around EUR 600 million a year.

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Categories: Internet
Countries: Italy
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