High-Tech Taxes Threaten Growth, Report Says

Governments around the world, particularly in emerging markets, are raising taxes on information technologies, threatening to impede economic growth and slow consumers’ adoption of smartphones and broadband Internet access, a report warns. At least 31 countries, most of which are in the developing world, are imposing the damaging high taxes on top of other sales or value-added taxes, according to the report by the Information Technology and Innovation Foundation, a nonpartisan research group in Washington.