The Czech government approved a 7% digital tax proposal on Monday aimed at boosting state coffers by taxing advertising by global internet giants like Google and Facebook, the Finance Ministry said.
The proposed tax, which still must make it past lawmakers in parliament, covers revenue gained from targeted advertising, providing digital market places, and user data sales.
It will be aimed at services provided to Czech users.
It would apply to companies with global revenue over 750 million euros ($826.50 million) annually, 100 million crown ($4.32 million) turnover in the Czech market and a reach exceeding 200,000 user accounts.
Similar moves by countries like France or Italy have upset the United States, home to the biggest internet players.
See the full story here: https://www.reuters.com/article/us-czech-taxation-digital-idUSKBN1XS1XU