coronavirus and quarantines is the economic and social collapse. “data-reactid =” 19 “> Worldwide, one of the most worrying things that the coronavirus and quarantines has exposed is the economic and social collapse.
Millions of people out of work, starving and with little chance of escaping their marginality have forced various governments to implement emergency plans and bond assistance.
To meet the new needs, a Filipino lawmaker introduced a bill intended to tax big tech companies, such as Facebook, Google, YouTube, Netflix and Spotify, to raise funds and combat the effects of COVID-19.
. that the initiative seeks to raise the equivalent of $ 571 million dollars, by imposing a value added tax on digital services provided in its country, a key growth area for e-commerce transactions. “data-reactid =” 22 “> The lead author of the project, Joey Salceda, told . that the initiative seeks to raise the equivalent of $ 571 million dollars, by imposing a value added tax on digital services provided in his country, a key growth area for transactions of electronic commerce.
“We spent a lot of money to fight COVID-19 and we need more to continue fighting it and recovering. With this, in addition, we are sending a strong signal to the world that the Philippines is ready for digital transformation. We are putting our taxes in order, “he said.
According to the legislator, the idea is that these funds not only be for the fight against the coronavirus, but also be used to finance digital programs, such as a national broadband and digital learning project, to fill the educational gap caused by the closure of schools.
Previously, neighboring Indonesia announced plans to apply a 10 percent sales tax to digital products starting in July, to increase revenue amid the pandemic.
As of May 22, the Philippines has recorded 13,434 virus infections, including 846 deaths and 3,000 recoveries, and has conducted nearly 208,000 tests among its population of more than 107 million people.
As of the closing of this note, none of the companies affected had commented on this. Only Facebook, which declined, was reported, according to ..
Digital taxes are a topic of discussion in several countries. To make matters worse, in most cases they are transferred by the companies to the users themselves.
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