Czech Republic may consider reducing its planned digital tax on technology companies. As it currently stands, the Czech tax is expected to be the highest in Europe…
Czech Republic may consider reducing its planned digital tax on technology companies. As it currently stands, the Czech tax is expected to be the highest in Europe.
However, the US has threatened to retaliate, saying that it unfairly targets American tech companies. Its ambassador to Prague sent letters to members of the Czech parliament’s budgetary committee calling the tax “discriminatory” and the proposed level of 7% on local revenue as “extraordinarily high.” Now the government will discuss reducing the amount to 5%.
