Russia to discuss global tax on IT majors with EU
Russia plans to discuss introduction of a new global tax on revenues of majors offering digital services, Minister of Economic Development Maxim Oreshkin said on Friday in an interview with Rossiya 24 TV Channel.
"There are topics elaborated by us together [with European countries - TASS] - an increase in the euro share and, for example, a new initiative of France, to be considered in cooperation with it. This is a new system for taxation of IT majors: Google, Facebook, Amazon, and Apple. They called this group "GAFA." Plans are in place to introduce a new tax for it. We will discuss, how to make this topic a global one," the Minister said.
"These are de-facto monopolies accumulating huge profit and in a highly beneficial fiscal regime," Oreshkin noted.
"What we see in all these companies is a huge amount of profit because they form a large users’ base exploited by them," the Minister said. This is a global problem and its proactive discussion with European colleagues is planned further on," Oreshkin added.
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"There are topics elaborated by us together [with European countries - TASS] - an increase in the euro share and, for example, a new initiative of France, to be considered in cooperation with it. This is a new system for taxation of IT majors: Google, Facebook, Amazon, and Apple. They called this group "GAFA." Plans are in place to introduce a new tax for it. We will discuss, how to make this topic a global one," the Minister said.
"These are de-facto monopolies accumulating huge profit and in a highly beneficial fiscal regime," Oreshkin noted.
"What we see in all these companies is a huge amount of profit because they form a large users’ base exploited by them," the Minister said. This is a global problem and its proactive discussion with European colleagues is planned further on," Oreshkin added.
Source