{"id":88079,"date":"2019-10-19T15:48:30","date_gmt":"2019-10-19T10:18:30","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11056"},"modified":"2019-10-19T15:48:30","modified_gmt":"2019-10-19T10:18:30","slug":"italy-to-levy-web-tax-on-digital-giants-from-2020","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/italy-to-levy-web-tax-on-digital-giants-from-2020\/","title":{"rendered":"Italy to levy web tax on digital giants from 2020"},"content":{"rendered":"\n<p><strong>News:<\/strong>Italy has approved a new tax on digital companies including U.S. tech giants as part of its 2020 draft budget.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Why is digital tax?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The digital tax aims to stop multinationals from avoiding taxes by setting up headquarters in low-tax European Union(EU) countries.<\/li><li>This means that firms end up paying very little tax in countries such as France or Italy despite having lots of customers there.<\/li><\/ul>\n\n\n\n<p><strong>About digital tax by Italy:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The digital tax which will be starting next year in Italy will oblige global technology firms to pay a 3% levy on internet transactions.<\/li><li>The tax would be applied to companies with sales of over 750 million euros of which at least 5.5 million euros come from services provided in Italy.<\/li><li>This digital tax is similar to one applied by France which had also levied a 3% tax on these companies.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/italy-to-levy-web-tax-on-digital-giants-from-2020\/\">Continue reading <span class=\"screen-reader-text\">Italy to levy web tax on digital giants from 2020<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[164],"tags":[3541,4465],"class_list":["post-88079","post","type-post","status-publish","format-standard","hentry","category-international-relations-daily-factly-articles","tag-digital-tax","tag-italy","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700795971,"cached_date":1704659881},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/88079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=88079"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/88079\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=88079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=88079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=88079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}