Category: multinational

UK to levy additional tax on big tech companies beginning April 1st

Post author By Randall
Post date March 11, 2020
Categories In big tech, business, digital services tax, gear, international, Internet, multinational, online marketplace, Politics, search engine, Social Media, tax, taxes, Tech, Uk

[ad_1] The UK first announced the “digital services tax” in 2018, and after a couple rounds of review, it’s ready to be enacted. The new legislation will levy a two-percent tax on the revenue from search engines, social media services and online marketplaces that derive value from UK users. It will only apply when companies […]

G20 leaders will discuss raising taxes for big tech firms next week

Post author By Randall
Post date October 9, 2019
Categories In Amazon, Apple, big tech, business, corporate income tax, eu, european, Facebook, finance, finance ministers, firms, g20, Google, Internet, ireland, loophole, multinational, oecd, organization for economic co-operation and development, overhaul, Politics, reform, rules, tax, taxes, Tech, tomorrow

[ad_1] The finance ministers are scheduled to meet in Washington, where they’ll review proposals by the Paris-based Organization for Economic Cooperation and Development (OECD) — the group tasked with overhauling tax rules that date back to the 1920s. The new rules may create a corporate income tax of a few percentage points, which could make […]