WHO HAS IMPOSED SUCH A TAX?
Austria, Brazil, Britain, France, India, Italy, Spain and Türkiye are a dozen giant international locations which have imposed or plan to impose particular taxes on huge tech companies.
The target is to drive them to pay taxes the place they perform enterprise, in addition to to counter the tax optimisation methods they usually follow.
Typically, the taxes goal gross sales income and focus basically on US companies like Alphabet (Google), Amazon, Apple, Fb (Meta) and Microsoft.
However they differ from one nation to a different by way of gross sales which are taxed, with some focusing on promoting income and others focusing on gross sales of information.
“A lot of the proposed or adopted charges are within the 2-5 per cent vary,” of the income stream focused, in accordance with analysts on the Canadian Tax Basis.
Most nations adopted the taxes pending a worldwide settlement which might see multinational firms pay some taxes in international locations the place they function, however the prospects for such a deal now look bleak.
