Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 19 December 2013 14:21

Italy gives up on Google tax

Written by Nick Farrell



Now Berlusconi is gone it is not needed

Italy is set to abandon a plan which would have forced Google and Amazon to pay tax in Italy. The law would not tax the multinationals directly, but require them to use Italian companies to sell their advertisements rather than doing so through third parties based in low-tax countries such as Luxembourg, Ireland or outside the European Union.

Prime Minister Enrico Letta's government last month proposed the law, dubbed the "Googletax", that would oblige companies that advertise and sell online in Italy to do so only through agencies with a tax presence in the country. The lower house budget committee late on Tuesday, however, excluded goods bought online from the legislation - also known as the "Web tax" - making the law applicable toadvertising only. The measure would become law with the passage of the 2014 budget, due by the end of the year.

Opponents of the measure say it would probably violate EU rules, proponents have said it will raise at least 1 billion euros ($1.37 billion) a year for a country that is struggling to lower its debt, the second-highest in the EU after Greece. The Senate is expected to cast the final vote on the 2014 budget before Christmas. The lower house is expected to vote by the end of the week on whether to include the "Google tax" in the budget.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments