Tech Sector

Italy and the US Unite Against ‘Discriminatory’ Digital Taxes in Tech Sector

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.