Austria to adopt digital tax after EU-wide plan failure

Finance Minister Hartwig Loeger

Austria will press ahead with a planned tax on Internet giants after plans for an EU-wide levy fell through this week, Finance Minister Hartwig Loeger said on Friday. Vienna said in January that it would tax firms like Google, Amazon, Facebook and Alibaba 3% of their advertising revenue from within Austria.

It said at the time that it would hold off on implementing that plan until a EU finance ministers’ meeting last week in case a deal was reached on an EU-wide digital tax, but ministers abandoned the idea when they met on 11 March.

 

Similar articles