November 18, 2019 / 3:29 PM / 24 days ago

Czech government approves digital tax aimed at internet giants

PRAGUE, Nov 18 (Reuters) - 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, broadcaster Czech Television reported.

The proposed tax, which still must make it past lawmakers in parliament, covers revenue gained from targeted advertising, multilateral digital interface and user data sales. (Reporting by Jason Hovet, writing by Robert Muller)

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