The U.S. has dropped a key demand in negotiations over digital taxation of technology companies such as Alphabet’s Google and Facebook, lifting a barrier that had raised transatlantic trade tensions and prevented an international deal. From a report: Treasury Secretary Janet Yellen told her counterparts at a virtual meeting of Group of 20 finance officials that the U.S. is no longer…
Tag: Taxation
More Companies Are Joining ‘Tech Exodus’ From California
This week Digital Reality data center services announced it was also relocating its headquarters from the San Francisco Bay Area to Texas, citing factors like a low cost of living and “supportive business climate”. (Though it will still maintain a “significant” presence in the Bay Area.) And Align Technology (makers of the Invisalign orthodontic dental aligners) also announced it had relocated…
From Thailand To Indonesia, Taxes Tighten for Digital Businesses
Governments across the Association of Southeast Asian Nations are moving to impose more taxes on digital companies, stirring unease among multinational internet businesses that have boomed amid the coronavirus pandemic. From a report: From Thailand to Indonesia, new levies have kicked in or are being introduced. They threaten to chip away at the earnings of technology companies that are reaping benefits…
Is Canada About to Crack Down on Google and Facebook?
The Minister of Canadian heritage has a message for Google and Facebook, reports the Toronto Star: “The Canadian government stands with our Australian partners and denounces any form of threats,” Steven Guilbeault said in an emailed statement to the Star’s Susan Delacourt. The “threats” Guilbeault referred to involved some of the world’s richest and most influential corporations, Facebook and Google, which…
Fresh Calls For Guarantees on Digital Taxation in Future UK-US Trade Deal
One of America’s largest internet advocacy groups has published a six-point wish list for a future UK-US trade deal, including calls for no unilateral digital taxes. From a report: The Internet Association’s new white paper calls for a future trade deal to include provisions to ensure the free flow of information between the two countries, a guarantee to not unilaterally impose…
Italy Follows France in Levying a Digital Tax
Italy soon will join France in applying a new tax on large tech companies, a move that could deepen trans-Atlantic trade tensions and snarl up already-faltering negotiations over how best to tax companies such as Facebook and Google parent Alphabet. From a report: The new tax, passed this week by Italy’s parliament, will take effect Jan. 1. Similar to the tax…
Foreigners Visiting China Are Increasingly Stumped By Its Cashless Society
“Technically, it’s illegal for Chinese merchants to refuse payment in cash, but this rule is hardly ever enforced,” writes BoingBoing, “and China has been sprinting to a cashless society that requires mobile devices — not credit-cards — to effect payments, even to street hawkers.” ttyler (Slashdot reader #20,687) shares their report:
This has lots of implications for privacy, surveillance, taxation, and fairness,…
What’s new on Coursera for Business – October 2019
By Kyle Clark, Senior Skills Transformation Consultant Coursera released 50+ courses on our platform in October. This month brings a number of new courses focused on innovation and disruption, from developing a systems mindset to digital transformation, AI workflows, and futures thinking. Here are our top picks for enterprise for this past month: October 2019’s […]
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Apple Takes On EU’s Vestager In Record $14 Billion Tax Fight
An anonymous reader quotes a report from Bloomberg: Apple fights the world’s biggest tax case in a quiet courtroom this week, trying to rein in the European Union’s powerful antitrust chief ahead of a potential new crackdown on internet giants. The iPhone maker can tell the EU General Court in Luxembourg that it’s the world’s biggest taxpayer. But that’s not enough…
Does Playing Video Games Improve Your Workplace Performance?
“Businesses are waking up to the skills gamers can bring to the workplace,” argues the BBC, adding that “Even the military is hiring gamers.” “The ability to assimilate information, react swiftly and co-ordinate actions whilst remaining calm under pressure are often attributes of people that are good at gaming,” a Royal Air Force spokesperson tells the BBC. Those skills are part…