» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 46 | Friday, November 15, 2019

Czechs to impose 7% tax on global internet giants

Print | Front Page | Email this story

PRAGUE (AP) — The Czech government has approved a plan to adopt a tax on internet giants like Google, Amazon, Facebook and Apple.

Joining France and some other countries, the measure would impose a 7% annual tax on companies’ digital business revenues in the Czech Republic. It would apply to companies with global sales worth more than 750 million euros ($830 million) and Czech revenue exceeding 100 million Czech crowns ($4.3 million).

The finance ministry has estimated the tax could bring in some 5 billion crowns ($216 million) a year, starting in 2020.

The tax still needs parliamentary approval.

Monday’s move comes as some 130 countries try to find a way to more fairly tax global internet giants, with the Paris-based Organization for Economic Cooperation and Development leading the project.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0