- Germany is planning a 10 percent tax on major digital platforms like Google and Facebook.
- The draft legislation is being prepared by Germany’s Minister of State for Culture, Wolfram Weimer.
- The tax targets companies with significant revenue from digital services in Germany but low domestic tax contributions.
- Discussions with platform operators are ongoing to explore alternatives like voluntary contributions.
- The proposal is part of a coalition agreement to consider a digital services levy but is not a current legislative priority.
- Formal government approval for the initiative is still pending.
- If implemented, Germany would join countries like the UK, France, and India with similar taxes.
- The move could increase tensions with the US, which has opposed such measures and renewed trade investigations.
Source: regfollower.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.
