Thursday, December 26, 2019

Italy has passed a new law, effective Jan. 1, imposing a 3% tax on some digital revenues of companies with €750M+ in global revenue and at least €5.5M in Italy (Wall Street Journal)

Wall Street Journal:
Italy has passed a new law, effective Jan. 1, imposing a 3% tax on some digital revenues of companies with €750M+ in global revenue and at least €5.5M in Italy  —  New tax threatens to deepen dispute with U.S. on how to tax big tech companies  —  Italy soon will join France …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...