Germany seeks to levy 10% tax on online platforms like Google

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Germany is considering a 10% tax on large online platforms like Alphabet’s Google and Meta’s Facebook, its new culture minister told magazine Stern, in a move likely to heighten trade tensions with the Trump administration.

The proposal comes as chancellor Friedrich Merz is expected to travel to Washington soon to meet with US President data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/donald-trump/profileshow/79057526.cms”>Donald Trump, although a trip has not yet been officially announced. Trump has in the past said he will not allow foreign governments to “appropriate America’s tax base for their own benefit”.

Culture minister Wolfram…



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Germany seeks to levy 10% tax on online platforms like Google


Germany is considering a 10% tax on large online platforms like Alphabet’s Google and Meta’s Facebook, its new culture minister told magazine Stern, in a move likely to heighten trade tensions with the Trump administration.

The proposal comes as chancellor Friedrich Merz is expected to travel to Washington soon to meet with US President data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/donald-trump/profileshow/79057526.cms”>Donald Trump, although a trip has not yet been officially announced. Trump has in the past said he will not allow foreign governments to “appropriate America’s tax base for their own benefit”.

Culture minister Wolfram…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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