The Italian Prime Minister says that any decision on web taxes is sovereign

MILAN (Reuters) - Italy's prime minister said Wednesday that any decision on the introduction of a digital tax that would affect US tech giants. UU. It falls within the sovereign sphere of a country and ties with the United States cannot influence such a matter. At a press conference in London after a NATO summit, Giuseppe Conte said that Italy's relationship with Washington will always remain very important and that Rome did not expect any US tariffs that could harm Italian companies. The United States is fundamental and we will always maintain a privileged connection with him, but when it comes to ... policy decisions, we are a sovereign state, he said in response to a question about the introduction of a digital tax and possible reprisals from Washington. We can exchange opinions and evaluations, but then it is the sovereign state that decides. The 2020 budget of Italy introduces a tax of 3% on income from online transactions for digital companies with sales of at least 750 million euros, of which at least 5.5 million euros are harvested in Italy. The administration of the president of the United States, Donald Trump, has repeatedly said that the rate is unfairly applied to US companies. Two other important European countries, Britain and France, also plan digital taxes that affect the US Internet giants. UU. Trump has threatened reprisals against France for his plans. A senior US official said Trump was ready to warn the same against Italy when he met with Italian President Sergio Mattarella in Washington last month. When asked about his exchanges with Trump in London, Conte said they had not discussed the issue of 5G technology, adding that Italy had advanced legislation to select companies for 5G services. Trump said Wednesday that Chinese telecoms firm Huawei was a security risk after NATO said it needed secure next-generation 5G technology. Italy has introduced an advanced and sophisticated set of rules [in 5G] ... and it's a matter of applying them, Conte said. (Report by Valentina Za; Mark Heinrich Edition) This story has not been edited by The Times of India and is automatically generated from a syndicated feed to which we subscribe. (This story has not been edited by timesofindia.com and is automatically generated from a syndicated feed to which we subscribe.)

comments