
Germany considers 10% tax on internet giants
"This is a question of tax justice," parliamentary state secretary in the digital ministry Philip Amthor told Die Welt newspaper.
"Large digital corporations in particular are cleverly engaging in tax avoidance" while German businesses are "treated with no mercy, everything is taxed."
"A fairer system must be created here so that this tax avoidance is addressed," he said about the plan to tax advertising revenue from platforms such as Meta's Instagram and Facebook.
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.
Weimer -- the former editor of Die Welt and other media -- on Thursday told Stern magazine that "the large American digital platforms like Alphabet/Google, Meta and others are on my agenda".
He said he had "invited Google management and key industry representatives to meetings at the chancellery to examine alternatives, including possible voluntary commitments".
"At the same time, we are preparing a concrete legislative proposal," Weimer added.
This could be based on the model in Austria, which has a five percent tax, he said, adding that in Germany "we consider a 10 percent tax rate to be moderate and legitimate".
He said that "monopoly-like structures have emerged that not only restrict competition but also over-concentrate media power. This puts media diversity at risk".
"On the other hand, corporations in Germany are doing billion-dollar business with very high margins and have profited enormously from our country's media and cultural output as well as its infrastructure.
"But they hardly pay any taxes, invest too little, and give far too little back to society."

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The South African
4 hours ago
- The South African
Instagram may know where you live! Turn OFF location sharing
Instagram users are warning about a new location sharing feature, fearing that the hugely popular app could be putting people in danger by revealing their whereabouts without their knowledge. The Meta-owned image sharing platform added an option which shares locations using an Instagram map, similar to a feature rival Snapchat has offered since 2017. Some users have since been shocked to discover that their location was being shared, viral posts have shown. 'Mine was turned on and my home address was showing for all of my followers to see,' Instagram user Lindsey Bell wrote in reply to a warning posted by 'Bachelor' reality television personality Kelley Flanagan to her 300 000 TikTok followers. 'Turned it off immediately once I knew but had me feeling absolutely sick about it.' In a TikTok video, Flanagan called Instagram's new location sharing feature 'dangerous' and gave step-by-step instructions on how to make sure it is turned off. Instagram chief Adam Mosseri fired off a post on Meta-owned Threads stressing that Instagram location sharing is off by default, meaning users need to opt in for it to be active. 'Quick Friend Map clarification, your location will only be shared if you decide to share it, and if you do, it can only be shared with a limited group of people you choose,' Mosseri wrote. 'To start, location sharing is completely off.' The feature was added as a way for friends to better connect with one another, sharing posts from 'cool spots,' Instagram said in a blog post. Users can be selective regarding who they share locations with, and can turn it off whenever they wish, according to Instagram. Wariness regarding whether Instagram is watching out for user privacy comes just a week after a federal jury in San Francisco sided with women who accused Meta of exploiting health data gathered by the Flo app, which tracks menstruation and efforts to get pregnant. A jury concluded that Meta used women's sensitive health data to better target money-making ads, according to law firm Labaton Keller Sucharow, which represented the plaintiffs. Evidence at trial showed Meta was aware it was getting confidential health data from the third-party app, and that some employees appeared to mock the nature of the information, the law firm contended. 'This case was about more than just data – it was about dignity, trust, and accountability,' lead attorney Carol Villegas said in a blog post. Damages in the suit have yet to be determined. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.

IOL News
5 hours ago
- IOL News
Economists warn of job losses as US tariffs threaten South African trade
The South African sugar industry is facing the threat of collapsing and job losses as a result of US President Donald Trump imposing 30% tariffs on the country's exports. Image: Karen Sandison / Independent Newspapers In the wake of the recent 30% tariff hike imposed by the United States, South Africa's sugar and automotive industries are bracing for significant upheaval. Economists warn that these tariffs could spell disaster for local businesses, jeopardising exports and leading to alarming job losses. An economist has warned that losing the market will collapse the industry after President Donald Trump's 30% tariff hike imposed on goods exported to the country's second biggest trade partner. Economist Miyelani Mkhabela shared these sentiments as some local exporters already expressed concern about their future. 'People have a reason to panic because the tariffs will make it difficult for South African products to appeal to the American market,' said Mkhabela. He said small industries are facing the danger of collapsing because although the normal trade deal between South Africa and the US might be restored after the end of Trump's presidency, 'four years is a lot for a company.' 'When the market is closed (through exorbitant tariffs), it means a lot for small businesses that are sending products to the American market would suffer, as their clients would say your products are 30% higher. 'That would collapse the South African manufacturing system because we depend on the US as our second trade partner,' he said. He said South Africa cannot easily find a country that could replace the American market, which 'is bigger than what we are sending to the whole of Africa'. However, he said the African economy would recover after four years as it recovered from the global financial crisis and 'is still recovering from the global health (Covid-19 pandemic). But after Trump, many emerging companies will no longer exist because they will fail to repay bank loans. SA Farmers Development Association (SAFDA) Executive Chairman Dr Siyabonga Madlala, who is involved in sugar manufacturing, is concerned that while businesses have no power over politically influenced tariffs, they are the ones bearing the brunt. Madlala anticipated a loss of millions of rand, a situation that would result in alarming job losses. He said the South African Sugar Association (SASA)'s lots of sugar meant for the US might go to waste. 'America, through AGOA (the African Growth and Opportunity Act), has given us a lucrative market for about 24,000 tons of sugar exports, so with the imposition of tariffs, our sugar won't be attractive to our US consumers as it is now becoming expensive. 'It forces US consumers to look for alternatives rather than buying from us because our sugar becomes 30% more expensive,' said Madlala. South African competitors in supplying the US with sugar are Mexico, Brazil, Australia, and several Central American and Caribbean nations. He estimated that, through the tariffs, SASA will lose R168 million from its annual revenue. According to Madlala, the US market, which found South African sugar affordable under the AGOA agreement, may look for alternative countries to buy from. 'The reason is that lots of other countries are subsidised, therefore they can afford to still sell sugar than us, as we are not subsidised but working on our own,' said Madlala. He said reducing production would cause job losses and the shutdown of sugar mills. 'Once you try to lower the production, it means some farms will shut down or diversify. By that, it means that sugar mills will lose sugar cane supply, which is the lifeblood of the sugar mill,' he said. He said the tariffs came at the wrong time when the government's master plan was succeeding in reviving some major sugar mills, including Tongaat Hulett, which in the process was coming out of business rescue. 'While we are appreciating the master plan's initiative, we are now bombarded with the tariffs,' said Madlala. Influential organisations such as FW De Klerk Foundation recently called for the country to expand its trade partners rather than relying on the US. Agriculture Minister John Steenhuisen said the government was also reaching out to other countries. However, Madlala said finding an alternative market was not easy to do overnight. National Association of Automotive Component and Allied Manufacturers (NAACAM) CEO Renai Moothilal told the media that the automotive industry was already feeling the effects, as some companies have started to lose US deals. 'We are already seeing new contracts, especially for the US, being cancelled or not pursued, putting one of the country's most critical manufacturing sectors at risk,' Moothilal said. Build One SA (BOSA) called on Ramaphosa to engage directly with the US Congress members, who will decide on the fate of AGOA, and tell them that over 500,000 US jobs are linked to trade with South Africa. Another economist, Khulekani Mathe, commended Ramaphosa for continuing to negotiate with Trump, as he cannot immediately find an alternative market. He said it was not guaranteed that South Africa/US trade would recover after Trump's departure. 'It is dependent on whether we are to negotiate anytime between now and four for more favourable terms. The economic recovery would depend on whether the country can find an alternative market to send the volume of products that are sent to the US, something that can not materialise in the short term. Professor Bonke Dumisa said Trump was miscalculating to think tariffs would benefit his economy because 'Economic History shows us that no one wins the tariff wars'. 'Purportedly, it is said that the USA wants to open space for its businesses to recapture the market space they lost as they focused on moving abroad to produce more competitively priced products. Unfortunately, USA businesses priced themselves out of the markets. 'The South African businesses affected by these Tariffs must look for alternative markets. There is very little that the government can do to help these businesses,' said Dumisa. [email protected]


The Citizen
11 hours ago
- The Citizen
2025 Corvette Stingray arrives in SA
Fully homologated for South Africa and right-hand drive, the Corvette Stingray has touched down on local shores. Here's what you can expect, including pricing, from this mid-engined American supercar. The Corvette Stingray has arrived in South Africa – fully homologated for our market; factory-built, right-hand-drive format; and available in both coupé and convertible body styles. Noteworthy, the Stingray ships with the United States brand's Z51 performance package as standard – the latter adding to the American supercar's on-road and -track capabilities, and lifting the 6.2l naturally aspirated V8's peak power output to a healthy 369kW. Mounted midships, the LT2 engine channels power to the rear axle via an eight-speed dual-clutch transmission. According to the company, the Stingray completes the 0-100km/h sprint in just 3.5 seconds. 2025 Corvette Stingray price in SA Available through CVH Auto Group, which is headquartered in Bryanston, Gauteng, the Corvette Stingray is priced from R3.7m in South Africa. A service plan and warranty are included as standard. In addition to the Stingray, the Z06 is also available in South Africa. The latter, more focused model is equipped with the firm's (LT6) 5.5l atmospheric V8, which produces 500kW for a claimed 0-100km/h sprint time of under three seconds. Click here to browse thousands of new and used vehicles here with CARmag! The post 2025 Corvette Stingray Arrives in SA: Price & Specs appeared first on CAR Magazine. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal.