Asian and Latin American countries may impose new taxes on IT companies such as Google and Facebook

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A number of countries in Latin America and Asia, including Mexico, Chile, South Korea and India, are exploring the possibility of imposing additional taxes on the activities of IT giants like Google and Facebook. In addition to the existing taxes on corporate profits already paid by these companies, it is proposed to introduce a tax in the form of a percentage of the proceeds from the sale of digital services. Some countries may also impose a tax on services that collect data on citizens, for example, in the case of targeted advertising. A number of European countries, including the UK, are also considering this issue and may unilaterally impose a tax on digital services. Experts believe that new taxes can increase the costs of IT-companies by billions of dollars.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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