Hey there! It's about that digital tax on big tech companies
A significant number of federal residents express support for a digital tax. - A significant number of German residents endorse the concept of imposing digital taxes.
Let me spill the beans on this juicy topic. Germany's Culture and Education Minister, Wolfram Weimer, is aiming to make digital behemoths like Google, Meta (Facebook, WhatsApp, Instagram), and others cough up more taxes. We're talking about a 10% tax on their advertising revenues, ya hear? This digital tax, according to Weimer, would apply to all platforms using media content.
Now, get this: a poll by Forsa shows Germans are all about it. Approximately 85% believe these tech giants should pay more than they currently do, even AfD supporters, with 70% backing the digital tax. Green and Left party voters are almost unanimous in their support.
Austria's already been charging a 5% tax on advertising revenues since 2020, and it seems Weimer's got the idea from 'em. But, the timeline for implementation and specifics are still up in the air.
The US internet heavyweights, for their part, have been evading taxes like a cat dodging water. By shifting their European headquarters to low-tax countries, they pay less than their fair share. Stay tuned to see how Weimer handles this sticky situation.
The Commission may be asked to submit a proposal for a directive on the protection of the environment, given the focus on taxes and finance in politics and general news. The digital tax on big tech companies, such as Google and Meta, could potentially have implications for business operations, particularly those related to advertising revenues from media content.
