Last week, Italy approved a new tax on giant digital companies, which President Donald Trump has threatened to retaliate against.
- According to draft legislation, what are some of the U.S. companies that will be obliged to pay a 3% levy on internet transactions?
- How much is the Italian government expected to recoup from the tax?
- What was the deal that France and the United States reached in August regarding internet companies?
- What is the OECD’s position on taxing internet companies?
Fonte, G. (2019). Italy to introduce web tax on digital giants from 2020. Reuters, Oct. 16 (Retrievable online at https://www.reuters.com/article/us-italy-budget-web-tax/italy-to-introduce-web-tax-on-digital-giants-from-2020-idUSKBN1WV138#targetText=ROME%20(Reuters)%20%2D%20Italy%20approved,threats%20of%20retaliation%20from%20Washington.&targetText=O)%2C%20to%20pay%20a%203,text%20of%20the%20draft%20budget.)