VIENNA - Austria has increased the size of its planned tax targeting tech companies, to 5 percent of their advertising revenue in the country, from 3 percent previously, Finance Minister Hartwig Loeger said in an interview with ORF radio on Wednesday.
The planned levy is part of a package of measures targeting large tech companies including Google, Amazon and Facebook, which Austria's right-wing government accuses of not paying their fair share in taxes.
The planned measures also include lowering the threshold for value-added tax to apply to packages entering the country, as previously announced. Loeger told ORF the various measures were expected to raise more than 200 million euros ($224.44 million) a year.
($1 = 0.8911 euros)