The Czech government has followed the example of other European countries in approving a digital tax on Internet giants such as Facebook, Google, Ama
Czech government proposes levelling 7 percent tax on Internet giants

Czech government proposes levelling 7 percent tax on Internet giants

Czech government proposes levelling 7 percent tax on Internet giants

Czech government proposes levelling 7 percent tax on Internet giants

Czech government proposes levelling 7 percent tax on Internet giants

Czech government proposes levelling 7 percent tax on Internet giants
Czech government proposes levelling 7 percent tax on Internet giants
  • 2019-11-19 13:25:12 2 months ago
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The move comes in response to the European Union’s failure to agree on a unified digital tax, leaving individual member states to make their own decisions on the matter. While there is general agreement in the Czech Republic on levelling a tax on Internet giants, there are divisions over how high that tax should be. The proposed 7 percent tax is the result of a compromise between the ruling parties and should apply to internet companies with a global turnover of over EUR 750 million (CZK 19.1 billion) and annual turnover in the Czech Republic of over CZK 100 million. Finance Minister Alena Schillerová presented the proposal at a press briefing in Prague on Tuesday.

“The tax will apply to users of multilateral digital interfaces, primarily targeted site advertising, social service charges, or the sale of user data but also digital economy platforms such as Airbnb and Uber that allow users to provide services and goods to each other for a transaction fee.”

While Austria and France introduced a 5 and 3 percent digital tax respectively, the Czech government has set its sights higher with a proposed 7 percent tax. Jan Hamáček, head of the junior coalition party of Social Democrats, welcomed the agreement reached.

“I am very glad that we opted for a more ambitious 7 percent tax. Although other European countries have a lower tax, I think that 7 percent is adequate to the profit these giants make in the Czech Republic. Part of the profit should definitely stay in this country.”

The 7% tax would be applied to the revenue of the internet giants, for services provided in this country. The tax would be estimated annually, then the companies would need to pay deposit amounts monthly, with a final annual tax return completing the billing cycle.

The tax would not apply to companies which have digital services as a side income, and the deciding threshold would be 10% of total revenues.

The bill may still meet some opposition in Parliament since opposition MPs would have preferred to see a lower tax imposed, but in view of the government’s majority in the lower chamber, which can override a veto from the Senate, it should have a smooth passage through Parliament. The new tax should come into force next year. The giants whom it concerns have so far refused to comment on the development.

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Czech government proposes levelling 7 percent tax on Internet giants

Eight injured in explosion at waste disposal facility

Eight people were injured on Tuesday when there was an explosion at a waste disposal facility at a Hamr na Jezeře in the north of the Czech Republic. Two of those injured are in a critical condition. Around 10 rescue workers also need to be examined after coming into contact with an unknown substance, a spokesperson for the rescue services in Liberec said.

The mayor of Hamr na Jezeře said it appeared that sulphuric acid has leaked into the atmosphere.

I’m happy I opened door for other European players, says new Hall of Fame
inductee Václav Nedomanský

I’m happy I opened door for other European players, says new Hall of Fame inductee Václav Nedomanský

Václav Nedomanský, known as Big Ned, was inducted into the NHL Hall of Fame at a ceremony in Toronto on Monday night, exactly 42 years after he played his first game in the league for Detroit Wings.

His induction plaque was presented by Frank Mahovlich, who was inducted into the Hockey Hall of Fame Class of 1981 and who befriended Nedomanský from the moment he arrived in Canada in 1974.

“Coming to Toronto wouldn't have been so easy if my long-time friend Frank Mahovlich and [wife] Marie hadn't taken care of me right from the start.”

Mr. Nedomanský, who is now 75, also thanked the late Ted Lindsay, the Detroit Wings general manager, who brought him to the NHL, and many others for helping him start a new life abroad:

“This is the proper time to thank the country of Canada for giving me the chance to live my life the way I would like to live.”

Nedomanský was a key member of the Czechoslovak national hockey teams that won a silver medal at the 1968 Olympics in Grenoble as well as an IIHF world championship in 1972. In total he scored 163 goals in 220 games for his country.

In 1974, in the prime of his career, he decided to flee Communist Czechoslovakia for North America, making his way from Switzerland to Canada.

Between 1974 and 1977, he played in the World Hockey Association for the Toronto Toros and Birmingham Bulls. In 1977, at the age of 33, he joined the NHL.

He went on to score 125 goals and tally 283 points in seven seasons with the Detroit Red Wings, New York Rangers and St. Louis Blues.

Mr. Nedomanský was not able to return to his home country until after the fall of the Iron Curtain in 1989. Following the end of his career, he worked as a coach in Germany and Austria, and until recently, he was a scout for Los Angeles Kings.

In his induction speech, he said he never regretted his decision to leave Czechoslovakia, hoping he made it easier for those who followed in his footsteps:

“I am just happy I opened the door for some European players who might continue in my steps. I hope they are going to improve the national hockey league. My dream of playing the hockey league has been accomplished.”

“I just wanted to tell them: Use your judgement and learn to say no. That’s all I can say. I am happy to be here. Love you my friends and see you around.”

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