Germany seeks to levy 10% tax on online platforms like Google
- Germany is planning to introduce a digital services levy of 10% targeting the revenue of major online companies such as Google and Facebook.
- This proposal is based on a coalition agreement made earlier this year designed to tackle concerns related to tax avoidance and anti-competitive behavior by technology companies.
- Culture Minister Wolfram Weimer leads the initiative, calling platforms' tax behavior 'cunning evasion' and highlighting their monopoly-like power and limited reinvestment in Germany.
- Weimer illustrated concerns by noting, "If Google... Simply decrees" renaming public terms, it shows risks from concentrated corporate power controlling global communication.
- The tax may escalate tensions with the Trump administration, which has previously imposed tariffs on countries applying similar digital service taxes.
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Germany Proposes 10% Tax on Tech Giants, Sparking U.S. Trade Fears
Germany plans to impose a 10% tax on major online platforms like Google and Facebook, targeting their sales revenue within the country. The proposal, led by Culture Minister Wolfram Weimer, aims to address accusations of tax evasion and monopolistic practices. Weimer criticized these companies for generating billions in profit while paying minimal taxes and failing […]
·Brazil
Read Full ArticleGermany mulling 10% tax on Google, Facebook, other online platforms
German Culture Minister Wolfram Weimer said his ministry was drafting a legislative proposal while also seeking talks with platform operators that he accused of ‘cunning tax evasion’ to explore alternative solutions like voluntary contributions
·New Delhi, India
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