Czech Government Backs 7% Digital Services Tax on Tech Giants

The Czech government approved a proposal to impose a 7% digital services tax on large tech companies.

The proposal, which will be sent to the Parliament for consideration, would apply to companies with global income exceeding 750 million euros ($830 million) and domestic income over 100 million Czech koruna ($4.33 million).

With the parliamentary adoption process typically lasting two to three months, the tax could apply to companies for part of 2020.

The bill is meant to act as a stopgap measure until an international solution to taxation of global Internet giants can be found, a government report ...