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germany considers online platform levy amid concerns over consumer prices

Germany's digital ministry is proceeding cautiously regarding a proposed levy on online platforms, emphasizing the need for international coordination to avoid raising consumer prices. Minister of State for Culture Wolfram Weimer suggested a reasonable levy of 10%, though details on its structure remain unclear.
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Alphabet Inc. DEU Wolfram Weimer
Politics & Governance, News Article
00:11 31.05.2025

Germany proposes 10 percent digital service tax on major tech companies

Germany is considering a 10% digital service tax on major tech companies like Google and Facebook, led by Chancellor Friedrich Merz. This proposal aims to address the significant revenue these firms generate in Germany while contributing minimally in taxes, aligning with a global trend of taxing digital giants. However, it may provoke international backlash, particularly from the U.S., which has threatened tariffs against countries imposing such taxes.
Tech in Asia
Google Inc. IND GBR CAN ITA TUR FRA ESP AUT DEU Friedrich Merz Wolfram Weimer Donald Trump Show more
Finance & Economy, News Article
04:40 30.05.2025
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