Slapping taxes on information and communication technologies can cost countries more money than it brings in, says a study released Monday by the Information Technology & Innovation Foundation. Most of the countries imposing high taxes are lower- or middle-income nations in Africa, South Asia and America. The report’s release coincides with protests in Hungary over the government’s plan to tax ISPs at the rate of 150 Hungarian forints — 62 US cents — per gigabyte of data traffic.
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Technology Taxes Come at a Steep Cost, Report Finds
Posted by: Richard Adhikari October 28, 2014 06:23 AMSlapping taxes on information and communication technologies can cost countries more money than it brings in, says a study released Monday by the Information Technology & Innovation Foundation. Most of the countries imposing high taxes are lower- or middle-income nations in Africa, South Asia and America. The report’s release coincides with protests in Hungary over the government’s plan to tax ISPs at the rate of 150 Hungarian forints — 62 US cents — per gigabyte of data traffic.