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"Google Tax" to help fix Italian Public Finances

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"Google Tax" to help fix Italian Public Finances

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Italy's largest ruling party has proposed legislation to raise government revenues by making it more expensive for multinational online companies like Google, Amazon and Yahoo to do business there.

A bill tabled by the centre-left Democratic Party (PD) aims to raise at least 1 billion euros through a law, dubbed the "Google Tax", obliging companies that advertise and sell online in Italy to do so only through agencies with a tax presence in the country.

Reporting by Gavin Jones, REUTERS.

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