Italy is mulling a “web tax” levy for those multinational technology giants

Previously, France took the lead in passing the digital tax and began to levy it on the Internet giants. Italy is also preparing to pass the web tax. The Italian digital tax imposes an additional 3% tax on multinational technology giants. The reason for the introduction of digital taxes in EU countries is simple: multinational technology giants, especially Internet giants, are harvesting a large number of users in the EU but paying very low taxes.

According to the original plan of Italy, the web tax should have been collected in the same period as France. However, due to the unsmooth environment in Italy, it is still necessary to discuss it. According to the Italian financial department’s estimate and the collection of digital tax, it can earn about $661 million, and the target of the collection is actually only those technology giants. For example, Google, Apple, Amazon, and Facebook are the most typical targets, and the European Commission is currently negotiating the digital tax rate applicable to the EU region.

The digital taxation in France and Italy is also directly related to these technology giants. They usually set their European headquarters in areas with lower tax rates. The most typical area in Ireland. Before Ireland used low tax rates to attract Apple, it was also criticized, but Ireland is not prepared to adjust the tax rate. The Italian government department said that these multinational technology giants can evade taxation in various countries by transferring income and other income to those regions with very low tax rates. It then provides services to users in all EU member states in low-tax areas, with revenues of hundreds of millions or even billions but only millions of taxes.

Via: ibtimes