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Germany looks into tax move on foreign internet firms: report

FRANKFURT: Germany’s finance ministry is looking into the possibility of a 15 percent special tax on online advertising revenue collected by foreign internet companies such as Google or Facebook from German operators, Wirtschaftswoche magazine reported on Friday. The ministry was in the early stage of studying such a move, the weekly publication added. This move could entail treating payments for online advertisements in the same way as license fee payments, which would make the German companies subject to withholding…