Well, you heard it first here folks. The proposed Google Tax in Italy appears to be illegal under European Union law: The European Commission warned on Thursday that Italy's proposed legislation to raise revenue from online companies including Google Inc and Amazon Inc was likely to break European Union rules. ... "We would have serious doubts about the amendment as it now stands, as it appears to go against the fundamental freedoms and principles of non-discrimination set out in the Treaties," said Emer Traynor, spokeswoman for Algirdas Semeta, the EU's taxation commissioner. It's not as if this is new information either. I pointed this out on this site back on November 3 this year. I even pointed to the Italian Chamber of Deputies own research service insisting that it was illegal.
Reported by Forbes.com 15 hours ago.
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