Daily Tax Report: International

Austria Pushes Forward With 5% Digital Tax Bill

July 8, 2019, 5:00 PM

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...
To read the full article log in. To learn more about a subscription click here.