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Canada Regulator to Impose Fee on Google For Online News Law's Operating Costs
The imposition of the levy on Google comes at a time of increased tension between Canada and the United States over trade, border security, and a digital services tax on US technology firms.
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Will Impose Retaliatory Tariffs For Digital Taxes, May Come Friday: Trump
President Donald Trump said on Friday that he would sign a memorandum to impose tariffs on countries that levy digital service taxes on U.S. technology companies.
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Trump Plans Tariffs On Canada, France Over Digital Services Taxes
President Donald Trump on Thursday said he planned to impose tariffs on Canada and France over their digital services taxes on U.S. technology giants, which has been a long-standing irritant.
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Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions
Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...
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US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
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New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
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IT Department Said to Be Considering Tax on Netflix's India Operations: All Details
Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.
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US To Terminate Trade Retaliation Case Against India After Digital Tax Agreement
The U.S. Trade Representative's office said it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.
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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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US Sets and Suspends 25 Percent Tariffs on India, 5 Other Countries Over Digital Taxes
The United States announced 25 percent tariffs on over $2 billion (roughly Rs. 14,625.51 crores) worth of imports from six countries over their digital services taxes, but immediately suspended the duties to allow time for international tax negotiations to continue.
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US Suspends Tariffs On India, UK, EU nations In Digital Tax Dispute: Trade Body
The US government announced Wednesday it is suspending for six months any punitive tariffs on Britain, India and four European nations while it works to resolve a dispute over digital services taxes.
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US Trade Body Proposes Retaliatory Trade Actions Against India, Other Countries
According to a USTR document pertaining to India, it has requested "written comments regarding a potential trade action in connection with the Section 301 investigation of India's Digital Services Tax."
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Facebook, Google, More Tech Giants to Face Digital Tax in Canada in 2022
Canada plans to impose a tax on corporations providing digital services from 2022 that will stay in place until major nations come up with a coordinated approach on taxation.
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France Orders Tech Giants to Pay Digital Service Tax
France's finance ministry has sent out notices to big tech companies liable for its digital service tax to pay the levy as planned in December.
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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.
-
Canada Regulator to Impose Fee on Google For Online News Law's Operating Costs
The imposition of the levy on Google comes at a time of increased tension between Canada and the United States over trade, border security, and a digital services tax on US technology firms.
-
Will Impose Retaliatory Tariffs For Digital Taxes, May Come Friday: Trump
President Donald Trump said on Friday that he would sign a memorandum to impose tariffs on countries that levy digital service taxes on U.S. technology companies.
-
Trump Plans Tariffs On Canada, France Over Digital Services Taxes
President Donald Trump on Thursday said he planned to impose tariffs on Canada and France over their digital services taxes on U.S. technology giants, which has been a long-standing irritant.
-
Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions
Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...
-
US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
-
New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
-
IT Department Said to Be Considering Tax on Netflix's India Operations: All Details
Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.
-
US To Terminate Trade Retaliation Case Against India After Digital Tax Agreement
The U.S. Trade Representative's office said it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.
-
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.
-
US Sets and Suspends 25 Percent Tariffs on India, 5 Other Countries Over Digital Taxes
The United States announced 25 percent tariffs on over $2 billion (roughly Rs. 14,625.51 crores) worth of imports from six countries over their digital services taxes, but immediately suspended the duties to allow time for international tax negotiations to continue.
-
US Suspends Tariffs On India, UK, EU nations In Digital Tax Dispute: Trade Body
The US government announced Wednesday it is suspending for six months any punitive tariffs on Britain, India and four European nations while it works to resolve a dispute over digital services taxes.
-
US Trade Body Proposes Retaliatory Trade Actions Against India, Other Countries
According to a USTR document pertaining to India, it has requested "written comments regarding a potential trade action in connection with the Section 301 investigation of India's Digital Services Tax."
-
Facebook, Google, More Tech Giants to Face Digital Tax in Canada in 2022
Canada plans to impose a tax on corporations providing digital services from 2022 that will stay in place until major nations come up with a coordinated approach on taxation.
-
France Orders Tech Giants to Pay Digital Service Tax
France's finance ministry has sent out notices to big tech companies liable for its digital service tax to pay the levy as planned in December.
-
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.
