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Italian Party Proposes Tax On Internet Majors
- Computer Business Review, Wednesday, November 6, 2013 2:19 PM
Italy's centre-left Democratic Party, which is the senior partner in the country's ruling alliance, has proposed a legislation to make internet majors including Google, Facebook, Yahoo and others to pay more taxes on their revenues generated in Italy. The tax dubbed as "Google Tax" law, which is aimed at raising government revenues, is anticipated to raise about $1.35bn per year.
