A group of 137 countries and jurisdictions agreed to move ahead with negotiations to address tax challenges of the digital economy, according to a statement released Friday by the Organization for Economic Cooperation and Development (OECD).
• https://www.reuters.com by Stanley White, Jan Stru
Group of 20 finance ministers agreed on Saturday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a copy of the bloc's draft communique obtained by Reuters showed.
Global efforts to impose a unified tax policy on Google, Facebook and other internet giants have cleared a major hurdle ahead of a G20 summit in Japan, officials said Friday.
The woman walked into Cash Hogen's hardware store last fall to ask a single question about a KitchenAid mixer on display: What did the manufacturer call that color scheme?
President Donald Trump "feels strongly" that the U.S. should impose a sales tax on purchases made over the Internet, Treasury Secretary Steven Mnuchin said Thursday.
President Donald Trump just sent a chill down the spine of Amazon CEO Jeff Bezos and his fellow techno-plutocrats by reiterating his support for an Internet tax.
If there is anything that gets demagogic politicians and pundits riled up, it's the closing of tax loopholes, and the tax-hike demagogues might just be getting one of their wishes come December.
Austria is seeking ways to make digital services like Alphabet Inc.'s Google or Facebook Inc. pay taxes for transactions with the nation's internet users, trying to plug gaps in a tax system still designed for brick-and-mortar business.
Austria is seeking ways to make digital services like Alphabet Inc.'s Google or Facebook Inc. pay taxes for transactions with the nation's internet users, trying to plug gaps in a tax system still designed for brick-and-mortar business.
Under the new rules the tax rate on digital services like cloud storage and movie streaming will be determined by where consumers live, and not where the company selling the product has its European headquarters.
Amazon and other online retailers with ties to Michigan would have to collect its 6 percent sales tax on purchases under legislation approved Thursday by a divided Senate.
Hungary plans to impose a new tax on Internet data transfers, a draft 2015 tax bill submitted to parliament late on Tuesday showed, in a move that could hit Internet and telecoms providers and their customers hard.
In another blow to the Constitution, the Supreme Court on Monday declined to hear a case by Amazon and Overstock.com challenging a law that requires online retailers to collect sales tax in states where they have no physical presence.
The Supreme Court on Monday refused to consider throwing out New York state's taxes on Internet purchases on websites like Amazon.com, a move that could change the way Internet commerce works.
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