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Austria plans 3 percent tax on internet giants' profits

Reuters  |  VIENNA 

(Reuters) - will introduce a tax of 3 percent of the of internet giants, defined as companies with sales of more than 750 million euros ($865 million) a year, Austrian said on Thursday.

The tax will be in addition to a planned digital tax, told reporters at the start of a cabinet meeting on the outskirts of Vienna, adding that no Austrian companies would be hit by the new levy.

has mentioned and as companies that would have to pay the tax.

($1 = 0.8669 euros)

(Reporting by Francois Murphy; Editing by David Goodman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 19:39 IST