Reported 3 days ago
Germany's new digital ministry expressed that any tax on online platforms must be coordinated internationally and should not raise costs for consumers. Minister Wolfram Weimer indicated a potential 10% levy on companies like Google and Facebook but highlighted concerns about its implications on end prices and the necessity for the tax to support Germany as an innovation hub. The proposal is still under discussion within the government amidst warnings from industry representatives about possible negative impacts on prices and digitalization efforts.
Source: YAHOO