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Czech finance ministry sets plans for digital tax by mid-2020

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The Czech Finance Ministry submitted plans to start taxing global internet giants from the middle of 2020, proposing a 7% rate on targeted advertising, multilateral digital interface use and user data sales, it said on Thursday. The ministry has been working up plans on a digital tax this year and confirmed on Thursday the charge would be aimed at firms with global revenue over EUR 750 million annually and CZK 50 million in the Czech market.

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