Chile wants to start taxing companies like Uber and Netflix

phys.org | 6/22/2018 | Staff
jster97 (Posted by) Level 3
Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2018/platformssuc.jpg

Chile wants to start taxing digital giants like Uber, Spotify and Netflix to level the playing field for their more traditional counterparts, a minister has said.

"It is not fair that for the same service some pay taxes and others no," Finance Minister Felipe Larrain told reporters on Thursday in an area of Santiago that is home to traditional shoe manufacturers who are struggling to compete with online rivals.

Idea - Players - Tax - VAT - Earnings

The idea is for these online players to pay tax and VAT on their earnings in Chile, unless their country of origin has a free trade agreement with Santiago, the minister said.

"We are not trying to resist modernity.. but we can try and ensure...
(Excerpt) Read more at: phys.org
Wake Up To Breaking News!
Tagged:
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!