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Italy looking to raise EUR 100 to 200 mln a year with new 'web tax'

Friday 24 November 2017 | 10:21 CET | News
The Italian government is hoping to raise between EUR 100 and 200 million a year in revenue via a new 'web tax' aimed at internet giants, according to the president of the Senate's industry committee Massimo Mucchetti. The amendment to the budget law proposed by Muchetti is made up of a series of measures to tax in Italy income generated by digital multinationals irrespective of whether they are materially present in the country.

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