Austrian Digital Tax Plans to Be Finalized in Government Meeting

Austria’s government will finalize plans to raise more than 200 million euros ($224 million) in taxes from Internet businesses in its meeting April 3, the chancellery said in an emailed statement.

The move comes after Austria failed to convince the other European Union members last year to agree on a joint plan that ensures Internet giants can’t avoid national taxes. The estimated revenue the measure will generate is equivalent to 0.2 percent of Austria’s total 2018 tax income.

“We’re making a first important step to increase the contribution of digital giants to the tax revenue,” Finance Minister Hartwig Loeger said ...