Philippines moves closer to taxing technology giants

A proposed bill that will allow the Philippines to tax tech giants like Facebook, Alphabet’s Google and Youtube, and Netflix, moved a step closer to becoming a law after a lower house committee approved it on Wednesday.

The bill, which aims to raise 29 billion pesos ($590 million) to help fund government measures to fight the coronavirus, follows similar plans by other Southeast Asian countries to generate revenues from the most popular digital services.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter