Tag: Tax
PARIS (Reuters) – France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter. France is leading a push to clamp down on the taxation of such companies, but has found […]
DUBLIN (Reuters) – Ireland accused the European Commission on Monday of exceeding its powers and interfering with the EU member’s national sovereignty over tax affairs in ruling that Apple owes Dublin billions of euros in taxes, saying it had failed to give proper reasons for its decision. In September the Irish government agreed to join […]
JAKARTA (Reuters) – Alphabet Inc’s Google is expected to reach a tax settlement with the Indonesian government in the next few weeks, people familiar with the matter told Reuters. Under the proposed settlement, Google will pay back taxes and fines, and the search giant will have to agree to a new calculation of profits made […]
JAKARTA (Reuters) – Indonesia plans to pursue Alphabet Inc’s Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided payments, a senior tax official said. Muhammad Haniv, head of the tax office’s special cases branch, […]
News highlights – 1 September HP Enterprise to sell software unit to Thoma Bravo (Reuters) – Hewlett Packard Enterprise Co (HPE) is in talks with buyout firm Thoma Bravo LLC to sell its software division, hoping it can fetch between $8 billion and $10 billion, according to people familiar with the matter. Read more… Samsung […]
BRUSSELS (Reuters) – A two-year investigation into whether Apple’s tax deal with Irish authorities gave the iPhone maker an unfair advantage will take a lot longer because of the large amount of data involved, the EU antitrust chief said on Monday. The European Commission accused Ireland in 2014 of dodging international tax rules by letting […]
JAKARTA (Reuters) – Global Internet-based firms could have their services blocked in Indonesia if they do not obtain “permanent establishment” status in the country and pay Indonesian tax, government officials said on Monday. Finance Minister Bambang Brodjonegoro told reporters all Internet-based services must have a local presence in the form of a representative office or […]
LONDON (Reuters) – Google said on Friday it agreed to pay the UK tax authority 130 million pounds in back taxes, prompting criticism from campaigners and academics who said the UK tax authority had agreed a “sweetheart deal”. Google, now part of Alphabet Inc <GOOGL.O>, has been under pressure in recent years over its practice […]
With “sharing economy” services like Uber, Blablacar and Airbnb spreading among consumers, state tax collectors risk experiencing a revenue pinch as these new collaborative players capture market share from traditional businesses. The so-called “Uberisation” of commerce is both rising in volume and spreading across an ever-larger number of sectors — ranging from apartment, car and power tool sharing […]
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