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Facebook, Google May Face Billions in New Taxes AcrossAsia, Latin America
——Europe’s proposal to impose a new tax on tech giants isinspiring other governments
Dozens of countries are stepping up efforts to levy new taxes ontechnology giants such as Alphabet Inc. and Facebook Inc., hopingto capture revenue from digital services as economic activityincreasingly shifts online.
Inspired by European Union proposals to impose a tax based onthe revenue of tech companies rather than their profit, SouthKorea, India and at least seven other Asian-Pacific countries areexploring new taxes. Mexico, Chile and other Latin Americancountries too
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