The Czech Republic has delayed a discussion about reducing the rate of a proposed digital tax on tech giants like Facebook and Google.
Government officials are worried that the proposed 7% digital tax on tech companies with global turnover over 750 million euros ($809 million) is too high compared to similar measures across Europe.
The parliament’s budgetary committee on Thursday voted unanimously to delay the discussion until a June 10 meeting. The committee needs to amend and approve the measure before parliament can resume discussion.
The proposal is another example of efforts by European countries to impose higher ...
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