May 14, 2020 / 1:09 PM / 15 days ago

Czech finance minister plans 5% rate of digital tax

PRAGUE, May 14 (Reuters) - Czech Finance Minister Alena Schillerova plans to seek a lower rate of digital tax on multinationals of 5%, she said in a televised interview on Thursday.

The planned tax, currently proposed at 7%, covers revenue gained from targeted advertising, providing digital market places, and user data sales for Czech customers by internet giants like Amazon or Facebook. (Reporting by Robert Muller; Editing by Hugh Lawson)

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