News:Italy has approved a new tax on digital companies including U.S. tech giants as part of its 2020 draft budget. Facts: Why is digital tax? The digital tax aims to stop multinationals from avoiding taxes by setting up headquarters in low-tax European Union(EU) countries. This means that firms end up paying very little tax in… Continue reading Italy to levy web tax on digital giants from 2020
Tag: Italy
Mont Blanc
News:Experts have warned that a section of the Planpincieux glacier on the iconic Mont Blanc in Italy is at the risk of collapsing. Facts: About Mont Blanc: The Mont Blanc glacier is Western Europe’s highest mountain range. It has 11 peaks above 4,000m in France and Italy and attracts hundreds of thousands of tourists every… Continue reading Mont Blanc
Mount Etna
Source– This post “Mount Etna” is based on the article “Italy’s Mount Etna eruption captured from space as ash, lava spews out” published in “India today” on 17th November 2023. Why in the News? Mount Etna which is the largest of Italy’s three active volcanoes has been ejecting ash and lava once again. What is… Continue reading Mount Etna
Italy to join China’s Belt and Road initiative
Italy is planning to join China’s Belt and Road Initiative (BRI).It will become the first member of the G7 group countries to officially endorse Belt and Road Initiative despite objections from the United States. It is said that Italy is facing difficulties in balancing its growth targets with the EU’s stringent fiscal norms.These tensions surfaced… Continue reading Italy to join China’s Belt and Road initiative
