Hanoi (VNA) A bill has been introduced in the Philippines parliament, aiming at taxing big tech firms such as Facebook, Google and Youtube, Netflix and Spotify, to raise funds for the COVID 19 fight. The bill looks to raise 29 billion PHP (571 million USD) by imposing a value added tax on digital services provided in the Philippines, a key growth area for e commerce transactions as its people are among the world’s heaviest users of social media. He said starting next year, funds raised from new taxes would also be used to finance digital programmes such as a national broadband project and digital learning to fill the education gap caused by school closures.
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