Italy to introduce web tax on digital giants from 2020


  • TECH
  • Thursday, 17 Oct 2019

A senior US official said president Donald Trump was ready to threaten retaliation when he meets Italian president Sergio Mattarella (right) in Washington. — AFP

Italy approved a new tax on digital companies, including US tech giants, as part of its 2020 draft budget on Wednesday, a move that could draw threats of retaliation from Washington.

The levy, due to be introduced from next year, will oblige companies such as Facebook, Google and Amazon, to pay a 3% levy on Internet transactions, according to a text of the draft budget.

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