Egypt wants to impose taxes on tech giants’ profits

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SHAFAQNA – The Egypt unveiled plan to impose taxes on profits of tech giants including Facebook and Google.

The Egyptian parliament last month approved the organisation of the press and information draft law, which states that no website may publish advertisements in the Egyptian market unless they are subject to the provisions of the law.

The government has said international social networking sites are making billions in advertising in Egypt, none of which is being taxed by the state.

But some critics say the move is intended to impose restrictions on online freedom and stifle opposition to the authorities, Middle East Eye reported.

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