Austria Pushes Forward With 5% Digital Tax Bill

Austria is moving forward with a proposal to tax the digital advertising revenue of tech giants, with a vote by the National Council planned for Sept. 25.

The government introduced plans in April for a 5% tax on companies such as Alphabet Inc.'s Google and Facebook Inc. The proposal also includes measures to boost value-added tax collection from online third-party platforms.

• The tax would be imposed on companies with at least 750 million euros ($841 million) in worldwide revenue and 10 million euros in digital advertising revenue in Austria.
• The coalition government made up of the Austrian Peoples Party ...