In a strategic response to ongoing tensions with the United States over digital taxation, Italy has announced significant adjustments to its web tax policy. This move aims to alleviate criticism that the tax disproportionately impacts American tech giants while broadening its scope to include smaller digital firms. Originally implemented in 2019, Italy’s digital service tax […]
Italy's Economy Minister Advocates for Crypto Tax Increase in 2025 Budget
Italy’s economy is poised to undergo significant changes as Economy Minister Giancarlo Giorgetti champions a proposal to raise taxes on cryptocurrency capital gains from 26% to a staggering 42%. This move, aimed at addressing what Giorgetti perceives as the excessive risks associated with digital assets, could potentially yield an additional €16.7 million annually for the […]
Starlink to Support Italy's Broadband Expansion
Italy is positioned to significantly enhance its broadband infrastructure through the introduction of Starlink satellite technology. This initiative comes as part of the Italian government’s broader strategy to ensure comprehensive internet access across all regions, particularly in under-served rural areas. As the nation grapples with challenges in its terrestrial internet rollout, leveraging satellite technology could […]
Italy Considers Strengthening Digital Tax Despite U.S. Concerns
Italy is at a crossroads regarding its digital services tax, with plans to potentially enhance this form of taxation as part of its 2025 budget. Currently generating around €400 million annually, this tax targets prominent tech companies such as Meta, Amazon, and Google. The Italian government’s proposed changes could involve extending the current tax to […]