Jerusalem:  Israel plans to tax internet giants such as Google and Facebook within a year, the head of the tax authority said in remarks published on Wednesday.

Israel Tax Authority chief Moshe Asher told Haaretz newspaper that  taxing tech giants would make Israel among the “first” in the world, as the European Union still grapples with the thorny process.

“Our goal is to obtain as much data as we can, even if many of these figures are held outside of Israel,” Asher told the Israeli newspaper. 

“Within a year we’ll issue these companies tax bills,” he said.

A spokeswoman for the Israel Tax Authority confirmed the report, telling AFP they were “in a process of creating tax assessments for the multinational companies”, but refused to comment further.

In Europe, clashing interests are hindering efforts to form a unified policy.

France has led a major push to increase taxes in the European Union on mega tech firms such as Google and Facebook, which are accused of…

Read More