U.S. warns of possible counter-measures against Czech digital tax
Topics: U.S. CZECH TAX
Several European countries are considering such a tax to raise more money from the local businesses of companies such as Google and Facebook, leading the United States to threaten retaliation in support of its tech industry.
Britain has said it will press ahead with its proposed digital tax, while France has put off its plans to wait for broader negotiations within the Organisation for Economic Cooperation and Development (OECD).
The Czech lower house approved the first reading of the digital tax bill on Wednesday.
The bill must pass two more readings and clear the upper house Senate or a new vote in the lower house in case of a veto before it becomes law. ■