Tag Archives: Tax

Ugandan police on Wednesday used tear gas and bullets to break up a street protest against a new tax targeting social media users. Two protesters were arrested in downtown Kampala, the capital, after a scuffle in which some policemen were assaulted, said Luke Owoyesigire, a spokesman for Kampala police. The protest was organised by a popular lawmaker, Kyagulanyi Ssentamu, a ... Read More »

The EU will propose a new tax on tech giants such as Google and Facebook next year despite opposition by several states that fear a blow to their economies, European Commission chief Jean-Claude Juncker said Friday. Championed by French President Emmanuel Macron, the new tax on digital multinationals will target revenue generated in an EU country, instead of on profits that are booked in ... Read More »

Flipkart, Amazon, Snapdeal Argue Against GST’s Tax Collection at Source Provision HIGHLIGHTS Flipkart, Amazon, Snapdeal partnered to lobby against a GST provision They want the tax-collected at source requirement removed They argue that this provision will increase complexity and costs At a press conference organised by FICCI on Thursday, the heads of Amazon, Flipkart, and Snapdeal all found common cause ... Read More »

Small businesses have struggled to obtain loans for the last several years thanks to the sluggish economy. But in the last month, the loan approval rate for small businesses climbed to its highest point since the start of the Great Recession. In other small business finance news, the tax deadline is right around the corner. But business owners that are considering ... Read More »

Tax season isn’t just about getting your return in time and all the commotion that goes with it; it’s also a great opportunity to boost sales. Tax-time promotions, offers and tie-ins can add some fun to this busy time of year and hopefully make you some money too! Here are some ideas that you might want to use for your ... Read More »

US Slams EU, but Apple Tax Demand First Issued in Washington HIGHLIGHTS The US Treasury said Commission ruling endangers EU-US economic relations Amazon and McDonald’s are still being investigated A series of EU accusations that Google has abused its market power The United States is furious at the European Union for handing Apple a $14.5 billion tax demand on Tuesday ... Read More »

Israel is to start collecting value added tax (VAT) and income taxes from foreign companies that do substantial business over the Internet in Israel. Under new guidelines issued by the Israel Tax Authority on Monday, foreign companies that operate websites and sell various services such as advertising and brokerage will be subject to 17 percent VAT as well as income ... Read More »