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Italian Parliament Considering Equalization Tax on Digital Services

|Proposed Changes|Italy
Italy

According to recent reports, the Italian parliament is considering a proposed equalization tax on digital services supplied by foreign suppliers that would be introduced as part of an amendment to the 2018 Budget law. The tax is meant to target large multinational digital companies, such as Apple, Facebook, and Google, and would be levied at a rate of 6% to be withheld by the recipient of the services. An exemption would apply for individuals. Further to the equalization tax, a proposal is al…

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