Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

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