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

  • Germany spends record €23bn to integrate refugees

    Germany spends record €23bn to integrate refugees

    In 2018, Germany spent a record €23bn on helping to integrate more than one million refugees and fighting the root causes of migration abroad, a government document seen by Reuters showed on Monday. That marks an increase of nearly 11% on the €20.8bn that Germany spent the previous year, the document prepared by the Finance Ministry showed.

    4
  • Austria far right leader quits after video corruption sting; snap election possible

    Austria far right leader quits after video corruption sting; snap election possible

    Austria appeared headed for a snap election on Saturday after its far right party leader quit as the government’s number two, over video showing him discussing state contracts in return for favors from a woman posing as a Russian oligarch’s niece. News agency APA quoted sources in Heinz-Christian Strache’s Freedom Party as saying a snap election was now likely after his shock resignation as vice chancellor over the sting video, released by two German news outlets.

    7