Treasury Secretary Scott Bessent defended a Republican tax proposal that could impose escalating penalties on foreign ...

Berlin has come up with an initiative where children as young as 6 can get a head start on retirement savings.

Minister of State for Culture Wolfram Weimer proposed ... this were a tax on revenue or profit. Germany's ruling parties agreed earlier this year to consider the introduction of a digital services ...

which generate billions in profits in Germany, contribute minimally to the country’s tax base and society. Weimer also criticized the monopolistic tendencies of these digital platforms ...

Germany is contemplating a 10 per cent tax levy on major online platforms such as Google and Facebook, as announced by its new culture minister. This initiative is anticipated to escalate trade ...

Germany is weighing plans for a 10 percent digital tax for internet giants such as Alphabet and Meta, a senior official said Friday, despite the risk of stoking further trade tensions with the United ...

Germany's media and culture commissioner Wolfram Weimer said earlier the government was drafting a proposal for such a digital tax but would first invite Google and other big tech companies for talks.

Meta stock was flat and Google lower following news that Germany is considering a 10% tax on digital services.

So far, Google and Meta haven’t responded to requests for comment. Germany’s ruling parties had already agreed earlier this year to introduce a digital tax. If the plan goes ahead, Germany would join ...