An Egyptian MP is set to introduce a bill enabling the government to collect value-added tax (VAT) from internet companies such as Google and social media sites like Facebook and Twitter. MP Badawi Al-Noweishi claims Facebook make more than $17 billion from online ads in Egypt on an annual basis, and he wants it taxed.
Others dispute this figure as being too high, and obstacles standing in the way of imposing taxes on social networking companies, communications experts say, include the fact that these companies are headquartered abroad and there is no information about their revenues in particular countries.
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