Close Menu
WealthDailysWealthDailys
  • Finance
  • News
  • Saving
  • Analysis
  • Business
  • Altcoins
  • Feature
  • AI
  • Press Release
  • Investments
  • Videos
  • Loans & Credit
Facebook X (Twitter) Instagram Threads
WealthDailysWealthDailys
Trending
  • Retire in Finland and live your Scandinavian dreams
  • China may make a “retaliatory” move by experts saying “the US homeowners hit “ratherly” hits. This is what’s going on
  • How does it affect Bitcoin?
  • Traders sell Solana quickly – what’s next after Sol Price?
  • Why is the SEI network ecosystem booming in the second quarter?
  • Bitget launches second year of anti-Scam Month campaign
  • Metaplanet’s ambitious $54 billion Bitcoin acquisition plan sets sights at 210K BTC
  • Bitcoin to 120k, ETH Explosion & Next Top Altcoins To PUMP!
Crypto Market
  • Finance
  • News
  • Saving
  • Analysis
  • Business
  • Altcoins
  • Feature
  • AI
  • Press Release
  • Investments
  • Videos
  • Loans & Credit
Facebook X (Twitter) Instagram
WealthDailysWealthDailys
Home»News»German Eyes 10% Digital Tax on High-tech Major
News

German Eyes 10% Digital Tax on High-tech Major

wealthdailysBy wealthdailysMay 29, 2025No Comments3 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
German eyes 10% digital tax on high tech major
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Unlock Editor’s Digest Lock for Free

FT editor Roula Khalaf will select your favorite stories in this weekly newsletter.

The German government is creating a 10% tax plan for global internet giants such as Meta and Google in a move that could further drive cross-Atlantic trade tensions.

Wolfram Weimer, Germany’s Federal Secretary of Media and Culture, told Stern Magazine on Thursday that the new government is drafting digital collections on a global internet platform, but alternatives such as the voluntary commitment by the affected tech companies to pay more taxes in Germany are still under consideration.

German Prime Minister Friedrich Merz’s Left Coalition of Centres agreed to “assess” taxes on internet platforms in the treaty, signed in early May, and agreed that revenues should be used to enhance the country’s media landscape.

“We’re taking this seriously,” the former editor of Die Welt, owned by Axel Springer, said in an interview. Weimer added that he invited “Google leadership and leadership of key industry personnel” to host discussions over tax alternatives “including the possibility of voluntary commitments.”

German taxes on Google, Meta and other US internet giants could put an additional strain on transatlantic trade relations when US President Donald Trump has accused American companies of unfair treatment and wanting to impose tariffs in response.

Wolfram Weimer said alternatives such as the voluntary commitment by the affected tech companies, as well as alternatives to pay more taxes in Germany, are still under consideration. ©Michael Kappeler/DPA

However, Weimer was eager to such a prospect and pointed out that the new German government has launched a legal basis for establishing taxes. He said the obligation could focus on German ad revenues for digital platforms such as Google and Meta’s Facebook and Instagram, and could reach 10%.

“We’re preparing a concrete draft law,” Weimer said, adding that it is based on the Austrian model. He praised it as “a simple and effective tax of 5% on online advertising services of very large platform operators.” Weimer stressed that the actual tax rate could be high in Germany, noting that a double tax rate is considered “medium and legal” by the German government.

Several other EU countries, including France, already have taxes on digital companies.

Facebook and Google did not respond immediately to requests for comment.

German media organizations, including federal digital publishers and newspaper publishers, praised Weimer’s initiative and informed the German Newswire DPA that they welcomed the internet giant to “take responsibility.”

Recommended

A 1.2 Gigawatt data center built in Abilene, Texas delivers open computing power

The Free Press Media Association, another lobby group, urged the Merz government to redistribute revenue from taxes to the editorial team’s media organization, highlighting the dramatic pressure that their business model is under on global technology platforms.

Weimer told Stern that taxes should be applied to all high-tech platforms that generate “billions of revenue” in Germany and use editorial and cultural content created by others.

The Austrian experience has not caused a “significant price change” to such ad revenue, but “meaning that their enormous profit margins have been reduced slightly as companies ultimately made a small tax contribution to society,” Weimer added.

digital Eyes German Hightech Major Tax
Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
Previous ArticleReturn to Nvidia and shine the spotlight
Next Article Burlington CEO sees “challenges and opportunities” for off-price retailers
wealthdailys
wealthdailys

Related Posts

How does it affect Bitcoin?

June 7, 2025

After the recent success of Circle, the Gemini file for IPO

June 7, 2025

Donald Trump and Elon Musk feud erupts over tax bill

June 6, 2025
Add A Comment
Leave A Reply Cancel Reply

Trending News

Donut raises $7 million to build an AI-driven crypto browser

May 30, 2025

Retire in Finland and live your Scandinavian dreams

June 7, 2025

China may make a “retaliatory” move by experts saying “the US homeowners hit “ratherly” hits. This is what’s going on

June 7, 2025

How does it affect Bitcoin?

June 7, 2025
Follow Us
  • Facebook
  • Twitter
  • Instagram
About Us

At wealthdailys, we are passionate about decoding the complexities of the cryptocurrency world. Whether you’re a seasoned investor, blockchain developer, or just stepping into digital assets, our mission is to deliver clear, reliable, and up-to-date information that helps you grow in the fast-paced crypto ecosystem.

Facebook X (Twitter) Instagram Pinterest
Don't Miss

Retire in Finland and live your Scandinavian dreams

June 7, 2025

China may make a “retaliatory” move by experts saying “the US homeowners hit “ratherly” hits. This is what’s going on

June 7, 2025

How does it affect Bitcoin?

June 7, 2025
Top Posts

Donut raises $7 million to build an AI-driven crypto browser

May 30, 2025

Retire in Finland and live your Scandinavian dreams

June 7, 2025

China may make a “retaliatory” move by experts saying “the US homeowners hit “ratherly” hits. This is what’s going on

June 7, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
© 2025 Grow Analyst. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.