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Name the country, which is set to levy 3% web tax for internet transactions on digital giants like Facebook, Google and Amazon, including United States giants from 2020.
  • a)
    Italy
  • b)
    France
  • c)
    Germany
  • d)
    United Kingdom
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Name the country, which is set to levy 3% web tax for internet transac...
On October 16, 2019, As a part of the 2020 draft budget, Italy approved to levy 3% web tax for internet transactions on digital giants like Facebook, Google and Amazon, including United States giants from 2020. This plan is expected to yield about 600 million euros ($662 million) per annum.
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Name the country, which is set to levy 3% web tax for internet transactions on digital giants like Facebook, Google and Amazon, including United States giants from 2020.a)Italyb)Francec)Germanyd)United Kingdome)None of theseCorrect answer is option 'A'. Can you explain this answer?
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