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Germany plans to tax major tech companies like Google and Meta at 10%, targeting tax avoidance and boosting media funding. Culture Minister Wolfram Weimer leads the effort, aiming for a fairer contribution from digital firms.
🔍 Key Points: ✔ Legislation: A bill is in progress, with talks on voluntary payments. ✔ Global Trend: Matches similar taxes in Britain, France, India, and Canada. ✔ Trade Tensions: May strain U.S. relations, as past efforts faced backlash. ✔ Concerns: Higher consumer costs and digital slowdown are debated.
📌 Next Steps: Germany’s coalition supports the tax, but a final decision is pending. Chancellor Friedrich Merz will soon visit Washington for discussions.
Germany plans to tax major tech companies like Google and Meta at 10%, targeting tax avoidance and boosting media funding. Culture Minister Wolfram Weimer leads the effort, aiming for a fairer contribution from digital firms.
🔍 Key Points: ✔ Legislation: A bill is in progress, with talks on voluntary payments. ✔ Global Trend: Matches similar taxes in Britain, France, India, and Canada. ✔ Trade Tensions: May strain U.S. relations, as past efforts faced backlash. ✔ Concerns: Higher consumer costs and digital slowdown are debated.
📌 Next Steps: Germany’s coalition supports the tax, but a final decision is pending. Chancellor Friedrich Merz will soon visit Washington for discussions.
Most people buy Bitcoin via exchanges, such as Coinbase. Exchanges allow you to buy, sell and hold cryptocurrency, and setting up an account is similar to opening a brokerage account—you’ll need to verify your identity and provide some kind of funding source, such as a bank account or debit card. Major exchanges include Coinbase, Kraken, and Gemini. You can also buy Bitcoin at a broker like Robinhood. Regardless of where you buy your Bitcoin, you’ll need a digital wallet in which to store it. This might be what’s called a hot wallet or a cold wallet. A hot wallet (also called an online wallet) is stored by an exchange or a provider in the cloud. Providers of online wallets include Exodus, Electrum and Mycelium. A cold wallet (or mobile wallet) is an offline device used to store Bitcoin and is not connected to the Internet. Some mobile wallet options include Trezor and Ledger.
How to Use Bitcoin?
n the U.S. people generally use Bitcoin as an alternative investment, helping diversify a portfolio apart from stocks and bonds. You can also use Bitcoin to make purchases, but the number of vendors that accept the cryptocurrency is still limited. Big companies that accept Bitcoin include Overstock, AT&T and Twitch. You may also find that some small local retailers or certain websites take Bitcoin, but you’ll have to do some digging. That said, PayPal has announced that it will enable cryptocurrency as a funding source for purchases this year, financing purchases by automatically converting crypto holdings to fiat currency for users. “They have 346 million users and they’re connected to 26 million merchants,” says Spencer Montgomery, founder of Uinta Crypto Consulting. “It’s huge.”
