BLOOMBERG The Pulse December 24, 2013
That has just been passed in italy. The law requires them to purchase internet ads from locally registered firms. Caroline hyde us with the details. What is the objective here . It is all about clamping down on the shift of taxable profits. Ofis all aimed at the likes google, amazon, yahoo . We know that they shift large amounts of profit around the world to socalled havens. The likes of ireland, luxembourg, bermuda. Italy is trying to crack down on this and they passed a measure saying that if you are going to buy internet ads from a company in italy, you have to buy it from a locallyregister...
Source: archive.org