- A junior member of German Chancellor Friedrich Merz’s cabinet proposed a new tax on internet platforms like Google and Facebook.
- This proposal could increase trade tensions with the US.
- Culture Minister Wolfram Weimer mentioned that digital services are a priority and suggested a 10% tax as reasonable.
- His ministry is working on drafting legislation for this tax.
- US tech companies make significant profits in Germany and benefit from the country’s media and cultural content.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
