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Austria pressing ahead with digital tax after EU-wide plan fails

“Austria said in January that it would tax firms like Google, Amazon, Facebook and Alibaba 3 percent of their advertising revenue from within Austria” writes Midwest Communications Inc for 95kqds.com. “I am here today to say clearly again that we will implement and stick to what we have always said, namely introduce a national digital tax in Austria.”. VIENNA (Reuters) – Austria will press ahead with a proposed tax on internet giants after plans for an European Union-wide levy fell through this week, Finance Minister Hartwig Loeger said on Friday. It is also possible that an existing 5 percent tax on advertising revenue for traditional print and broadcast media will be lowered to 3 percent, Loeger said, adding: “The aim is to have fairness”.
 
Source: 95kqds.com



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