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Italy Begins Audit of Meta in Tax Case That Could Cost Facebook Parent $925 Million
Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in a tax case that could land the US company with a bill of around EUR 870 million ($925 million or roughly Rs. 7,611 crore) and prove a test case for the tech sector.
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Europe vs GAFAM: How the Battle Against Big Tech Unfolded So Far
US tech giants Google, Apple, Facebook, Amazon, and Microsoft — collectively dubbed GAFAM — have been accused of not paying enough taxes, stifling competition, stealing media content and threatening democracy by spreading fake news.
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Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
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India Stands By New Digital Tax Opposed By US
India on Wednesday defended a new digital tax which faces opposition from big US tech firms such as Alphabet's Google and Facebook and the United States Trade Representative (USTR).
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Amazon, Facebook, Google, More Big Tech’s Digital Taxation Debate Heating Up on Global Stage
An international debate over how countries tax big US technology companies such as Google, Amazon, and Facebook is heating up, presenting a challenge for US President Joe Biden's new administration.
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Facebook Shutting Irish Units at Centre of Tax Dispute: Report
Facebook has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country, where it was lightly taxed, the Times reported, citing company documents.
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Amazon, Apple Stay Away From New French Initiative to Set Principles for Big Tech
Amazon and Apple have not signed up to a new French initiative to get global tech companies to publicly commit to principles including paying their fair share of taxes.
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US Tariffs Over Digital Tax On Facebook, Google Likely To Hit India: Report
The United Nations is also trying to find a solution by updating its model tax treaty with language about digital taxes.
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OECD Says Global Deal on Taxing Tech Giants Won’t Be Secured This Year
The 137 nations trying to hammer out a new global standard for taxing multinational tech firms will not secure a deal by the end of this year as hoped, the OECD acknowledged Monday.
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Facebook Agrees With France To Pay 106 Million Euros In Back Taxes
US social media giant Facebook on Monday said it had agreed with the French government to pay 106 million euros ($125 million) in back taxes for its French operations over a 10-year period from 2009, and to pay 50 percent more tax in the current year.
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UK Plans to Drop Tax on Facebook, Google, More Tech Giants: Report
British Chancellor of the Exchequer Rishi Sunak plans to drop a tax on technology companies such as Facebook and Google because it does not raise much money and could hurt a push for a US trade deal.
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Government Said to Tell US That Digital Tax on Google, Amazon Isn't Biased
India’s decision to levy a tax on companies offering digital services in the country is not aimed at any particular country and the decision will not be reconsidered, people with knowledge of the matter said.
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OECD Says US Still Committed to Global Digital Tax Talks
The United States remains committed to global talks on the taxation of big digital companies despite its call for a pause, the head of the Organisation for Economic Cooperation and Development (OECD) said on Wednesday.
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Britain, France Suggest Phased Approach to Global Digital Tax Talks
Britain, France, Italy and Spain suggested a "phased approach" to global digital taxation talks in a joint letter to the US treasury secretary last week, which they said could open the way for a deal this year.
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France Slams 'Provocation' as US Halts Digital Tax Talks
France and the US locked horns Thursday over taxing digital giants such as Google and Facebook, after Washington said it was breaking off talks aimed at establishing a global framework for making the companies pay larger levies where they operate.
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Italy Begins Audit of Meta in Tax Case That Could Cost Facebook Parent $925 Million
Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in a tax case that could land the US company with a bill of around EUR 870 million ($925 million or roughly Rs. 7,611 crore) and prove a test case for the tech sector.
-
Europe vs GAFAM: How the Battle Against Big Tech Unfolded So Far
US tech giants Google, Apple, Facebook, Amazon, and Microsoft — collectively dubbed GAFAM — have been accused of not paying enough taxes, stifling competition, stealing media content and threatening democracy by spreading fake news.
-
Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
-
India Stands By New Digital Tax Opposed By US
India on Wednesday defended a new digital tax which faces opposition from big US tech firms such as Alphabet's Google and Facebook and the United States Trade Representative (USTR).
-
Amazon, Facebook, Google, More Big Tech’s Digital Taxation Debate Heating Up on Global Stage
An international debate over how countries tax big US technology companies such as Google, Amazon, and Facebook is heating up, presenting a challenge for US President Joe Biden's new administration.
-
Facebook Shutting Irish Units at Centre of Tax Dispute: Report
Facebook has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country, where it was lightly taxed, the Times reported, citing company documents.
-
Amazon, Apple Stay Away From New French Initiative to Set Principles for Big Tech
Amazon and Apple have not signed up to a new French initiative to get global tech companies to publicly commit to principles including paying their fair share of taxes.
-
US Tariffs Over Digital Tax On Facebook, Google Likely To Hit India: Report
The United Nations is also trying to find a solution by updating its model tax treaty with language about digital taxes.
-
OECD Says Global Deal on Taxing Tech Giants Won’t Be Secured This Year
The 137 nations trying to hammer out a new global standard for taxing multinational tech firms will not secure a deal by the end of this year as hoped, the OECD acknowledged Monday.
-
Facebook Agrees With France To Pay 106 Million Euros In Back Taxes
US social media giant Facebook on Monday said it had agreed with the French government to pay 106 million euros ($125 million) in back taxes for its French operations over a 10-year period from 2009, and to pay 50 percent more tax in the current year.
-
UK Plans to Drop Tax on Facebook, Google, More Tech Giants: Report
British Chancellor of the Exchequer Rishi Sunak plans to drop a tax on technology companies such as Facebook and Google because it does not raise much money and could hurt a push for a US trade deal.
-
Government Said to Tell US That Digital Tax on Google, Amazon Isn't Biased
India’s decision to levy a tax on companies offering digital services in the country is not aimed at any particular country and the decision will not be reconsidered, people with knowledge of the matter said.
-
OECD Says US Still Committed to Global Digital Tax Talks
The United States remains committed to global talks on the taxation of big digital companies despite its call for a pause, the head of the Organisation for Economic Cooperation and Development (OECD) said on Wednesday.
-
Britain, France Suggest Phased Approach to Global Digital Tax Talks
Britain, France, Italy and Spain suggested a "phased approach" to global digital taxation talks in a joint letter to the US treasury secretary last week, which they said could open the way for a deal this year.
-
France Slams 'Provocation' as US Halts Digital Tax Talks
France and the US locked horns Thursday over taxing digital giants such as Google and Facebook, after Washington said it was breaking off talks aimed at establishing a global framework for making the companies pay larger levies where they operate.
