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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
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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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Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
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Australia To Force Meta And Google To Pay For News Shared On Platforms
Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media.
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EU Top Court Triumphs In Crackdown On Apple's Tax Deal, Google's Practices
The EU's top court on Tuesday delivered two major victories in the bloc's battle against tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at play.
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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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The Curious Case of Binance, Kraken Disappearing from Apple India’s App Store: Details
A number of foreign crypto exchanges like Binance and Kraken, have seemingly disappeared from Apple India’s App Store. The move seems to be a part of the regulatory efforts that India is undertaking in regards to the crypto sector, aiming to to address concerns related to tax evasion.
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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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Britain's Digital Tax on Big Tech Companies Like Google, Facebook, Amazon Could Become Permanent, Say Experts
A levy imposed by Britain on the revenues of big tech companies such as Google, Facebook and Amazon in 2020 as a stopgap measure pending an international tax agreement risks becoming permanent, a group of tax experts said on Wednesday.
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Google Payments to Ireland Outfit Not Royalty, Not Subject to Withholding Tax, ITAT Says
Google India payments to Google Ireland were not royalties and not subject to withholding tax, the Income Tax Appellate Authority (ITAT) said on Friday. The order was passed by the Bengaluru bench of the ITAT, which set aside its 2018 order and said that such transfer of money was not a royalty.
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Relief To Google In Income Tax Case Over Payments From India To Ireland
Bengaluru bench of tax tribunal gives ruling after re-examining issues on orders of the Karnataka High Court
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Microsoft, Amazon Head and Other CEOs Urge US Congress to Pass China Competition Bill
Amazon, Microsoft, and Alphabet CEOs, among other heads, urged the US Congress to pass the China competition bill aimed at boosting US’s economic competitiveness against China.
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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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Google Given 2 Months by EU to Improve Hotel, Flight Search Results
Google has two months to improve the way it presents Internet search results for flights and hotels and explain how it ranks these or face possible sanctions, the European Commission and EU consumer authorities said.
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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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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
-
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.
-
Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
-
Australia To Force Meta And Google To Pay For News Shared On Platforms
Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media.
-
EU Top Court Triumphs In Crackdown On Apple's Tax Deal, Google's Practices
The EU's top court on Tuesday delivered two major victories in the bloc's battle against tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at play.
-
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...
-
The Curious Case of Binance, Kraken Disappearing from Apple India’s App Store: Details
A number of foreign crypto exchanges like Binance and Kraken, have seemingly disappeared from Apple India’s App Store. The move seems to be a part of the regulatory efforts that India is undertaking in regards to the crypto sector, aiming to to address concerns related to tax evasion.
-
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.
-
Britain's Digital Tax on Big Tech Companies Like Google, Facebook, Amazon Could Become Permanent, Say Experts
A levy imposed by Britain on the revenues of big tech companies such as Google, Facebook and Amazon in 2020 as a stopgap measure pending an international tax agreement risks becoming permanent, a group of tax experts said on Wednesday.
-
Google Payments to Ireland Outfit Not Royalty, Not Subject to Withholding Tax, ITAT Says
Google India payments to Google Ireland were not royalties and not subject to withholding tax, the Income Tax Appellate Authority (ITAT) said on Friday. The order was passed by the Bengaluru bench of the ITAT, which set aside its 2018 order and said that such transfer of money was not a royalty.
-
Relief To Google In Income Tax Case Over Payments From India To Ireland
Bengaluru bench of tax tribunal gives ruling after re-examining issues on orders of the Karnataka High Court
-
Microsoft, Amazon Head and Other CEOs Urge US Congress to Pass China Competition Bill
Amazon, Microsoft, and Alphabet CEOs, among other heads, urged the US Congress to pass the China competition bill aimed at boosting US’s economic competitiveness against China.
-
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.
-
Google Given 2 Months by EU to Improve Hotel, Flight Search Results
Google has two months to improve the way it presents Internet search results for flights and hotels and explain how it ranks these or face possible sanctions, the European Commission and EU consumer authorities said.
-
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.
