Italy and the US Unite Against ‘Discriminatory’ Digital Taxes in Tech Sector
Introduction
Italy and the United States have issued a joint statement against “discriminatory” taxes on digital services, in a possible signal that Rome is moving away from a levy that has irked Washington. European levies aimed at hitting dominant US tech giants such as Alphabet’s Google, Meta’s Facebook, Apple, and Amazon have been a longstanding irritant for US administrations, including Donald Trump’s. Italy applies a 3% levy on revenue from internet transactions for digital companies with sales of at least 750 million euros ($853.35 million), which is worth less than 500 million euros in revenue for the state each year. …