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Google Tax for internet companies to do business with third party Internet

Tuesday, November 05 2013
Google Tax for internet companies to do business with third party

Italy is the first country to propose Google Tax for multi-national internet companies to do online business, advertising

Google Tax is a new term in economy subject to be levied on multi-national internet firms for doing business in Italy. According to proposed Google Tax, internet companies like Google, Yahoo and Anazon to be forced to make Italian company their partner in online business activity in Italy. Third party Italian company will be subjected to the taxation as per Italian laws.

Italy hopes to collect 1 billion euros with Google Tax. Supporters for Google Tax have strong argument in it's favor that set the accountability of online business with Italian firm.

Google Tax can only become a reality if it gets support from ruling party in Italy and Italy will becomes the first nation to employ such type of tax on it's online activity carried by a multi-national company for their multi-national business.