Austria pressing ahead with digital tax after EU-wide plan fails

VIENNA (Reuters) – Austria will press ahead with a proposed tax on internet giants after plans for an European Union-wide levy fell through this week, Finance Minister Hartwig Loeger said on Friday. Austria said in January that it would tax firms like Google, Amazon, Facebook and Alibaba 3 percent of their advertising revenue from within Austria. It said at the […]

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Austria to introduce digital tax after failure of EU-wide plan

VIENNA (Reuters) – Austria will press ahead with a planned tax on Internet giants after plans for an EU-wide levy fell through this week, Finance Minister Hartwig Loeger said on Friday. Austria said in January that it would tax firms like Google, Amazon, Facebook and Alibaba 3 percent of their advertising revenue from within Austria. It said at the time […]

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France sees global tax deal on digital giants in 2019: minister

PARIS (Reuters) – A planned revision to international tax rules for the digital era could be drawn up within 2019 after the United States and Ireland indicated that they wanted a deal, French Finance Minister Bruno Le Maire said on Thursday. Some 127 countries and territories agreed last month to tackle some of the most disputed issues of international taxation, […]

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Playtech to pay 28 million euros after Israeli tax audit

(Reuters) – Gambling software company Playtech will pay 28 million euros ($32.16 million) under a settlement with Israeli tax authorities following an audit of its accounts for the years from 2008 to 2017, the company said on Wednesday. Playtech, which warned last month that an Italian gambling tax law change would hurt 2019 adjusted core earnings, said no penalties had […]

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US, Switzerland top 'financial secrecy' blacklist

Published by the Tax Justice Network, the list ranks financial systems that contribute to crimes like money laundering. Switzerland and the United States have topped a list of countries whose economic systems most contribute to global “financial secrecy”, a measure that a UK-based research group says encourages crimes such as money laundering and tax evasion. Switzerland took the top spot […]

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Australian Tax Office contractors accused of links to tax havens

Multinational corporations providing labour and call centre staff to the Australian Taxation Office either share links with tax havens or engage in questionable tax practices, a new report has found. Texas-based firm Stellar, the UK-based multinational Serco and Japanese giant Outsourcing Inc have repeatedly won lucrative contracts with the tax office, typically to provide outsourced labour or help run the […]

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France could change position on wealth tax, Macron ally suggests

PARIS (Reuters) – A day after President Emmanuel Macron’s administration backed down in the face of nationwide protests and suspended a fuel-tax, the government has suggested it could also amend a wealth tax that critics say goes too easy on the rich. Speaking on RTL radio, government spokesman Benjamin Griveaux, a close ally of Macron’s, said all policies involving taxation […]

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France, Germany aim to keep digital tax alive

BRUSSELS (Reuters) – France and Germany sought on Tuesday to salvage a proposed EU tax on big digital firms including Google and Facebook by narrowing the focus to cover only companies’ online advertising revenue. Eager to break months of deadlock, the two countries’ finance ministers put a new proposal to their EU counterparts at a meeting on the issue in […]

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