Russia Wants to Kick Foreign Tech Companies Out Of The Nation
Feb 13, 2016
Someone wants to kick Microsoft, Google and Apple off from his land, but himself uses Gmail and Mac. The newly appointed Internet Tsar German Klemenko , who is the first internet advisor of Vladimir Putin , wants to kick off American Giants from Russia. In a 90-minute interview conducted by Bloomberg, Klemenko expressed his interest to vanish the presence of tech biggies of foreign countries from Russia. Google & Apple have to Pay 18% more VAT As part of this, Klemenko plans to hike the tax on foreign companies, including Google and Apple, by 18% VAT on their applications & services sold online. It is estimated that Apple, Google and other companies are nearly gaining RUB 300 Billion (£2.7 Billion, US$4 Billion) in revenue every year from Russia. "When you buy an app from Google Play or the App Store anywhere in Europe, VAT is charged at the place of payment, but not here in our banana republic," says Klemenko. The proposed movement wi...