Digital tax may cost Czech economy CZK 4.7bn

Published: 06.02.2020 Related countries:  U.S.A. U.S.A.

Exports of Czech goods to the US can significantly damage customs duties that the country would impose as a sanction for a digital tax.

Exports of Czech goods to the US can significantly damage customs duties that the country would impose as a sanction for a digital tax. Lidové noviny writes that, according to a study by Deloitte Advisory, the domestic economy and public budgets would lose CZK 4.7bn. Of this, the state budget would lose the most (CZK 3.8bn), the remaining amount would be missing in the budgets of regions and municipalities.

Source: www.cianews

Prepared by the team of foreign office CzechTrade Chicago