Italy has passed a new law, effective Jan. 1, imposing a 3% tax on some digital revenues of companies with €750M+ in global revenue and at least €5.5M in Italy (Wall Street Journal)

Wall Street Journal:
Italy has passed a new law, effective Jan. 1, imposing a 3% tax on some digital revenues of companies with €750M+ in global revenue and at least €5.5M in Italy  —  New tax threatens to deepen dispute with U.S. on how to tax big tech companies  —  Italy soon will join France …



from Techmeme https://ift.tt/2ZthnxK

Comments

Popular posts from this blog

Microsoft says it has no plans to add more backward compatible titles for Xbox One, but says Project Scarlett will run games from all four Xbox generations (Tom Warren/The Verge)

An in-depth look at Mike Speiser's investment playbook at Sutter Hill Ventures, who as a founding investor incubated Snowflake Computing as an interim CEO (Kevin/kwokchain)

Indian neobank Jupiter raises a $86M Series C at a $711M valuation, up from ~$300M in August, as it prepares to launch lending and wealth management services (Manish Singh/TechCrunch)