Saturday, September 24, 2022
Published 3 Years Ago on Tuesday, Nov 19 2019 By Inside Telecom Staff
PRAGUE (AP) — The Czech government has approved a plan to
adopt a tax on internet giants like Google, Amazon, Facebook and Apple.
Joining France and some other countries, the measure would
impose a 7% annual tax on companies’ digital business revenues in the Czech
Republic. It would apply to companies with global sales worth more than 750
million euros ($830 million) and Czech revenue exceeding 100 million Czech
crowns ($4.3 million).
The finance ministry has estimated the tax could bring in
some 5 billion crowns ($216 million) a year, starting in 2020.
The tax still needs parliamentary approval.
Monday’s move comes as some 130 countries try to find a way to more fairly tax global internet giants, with the Paris-based Organization for Economic Cooperation and Development leading the project.
The fastest-growing waste stream in America, according to the Environmental Protection Agency (EPA), is electronic garbage, yet only a small portion of it is collected. As a result, the global production of e-waste may reach 50 million metric tons per year. Sustainably manufactured green phone have, as a result, risen in popularity. When you purchase […]
Stay tuned with our weekly newsletter on all telecom and tech related news.
© Copyright 2022, All Rights Reserved