U.S. warns of possible counter-measures against Czech digital taxChristian Fernsby ▼ | January 24, 2020
The Czech Republic could face U.S. counter-measures if it introduces a planned 7% digital tax aimed at global internet giants, the U.S. embassy in Prague said today, after the Czech parliament gave initial support to the new tax.
Business in Europe Czech parliament
Topics: U.S. Czech tax
Britain has said it will press ahead with its proposed digital tax, while France has put off its plans to wait for broader negotiations within the Organisation for Economic Cooperation and Development (OECD).
The Czech lower house approved the first reading of the digital tax bill on Wednesday.
The bill must pass two more readings and clear the upper house Senate or a new vote in the lower house in case of a veto before it becomes law. ■