Breaking News

Canon launches versatile EOS R6 Mark III and innovative RF 45mm F1.2 STM lens uHoo Launches Caeli – The Smart Air Quality Monitor DJI Introduces Osmo Mobile 8 with Intelligent Subject Tracking Samsung Launches New P9 Express microSD Express Cards Cloud Streaming officially arrives on PlayStation Portal

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Europe Plans to Increase Tax on Internet Giants

Europe Plans to Increase Tax on Internet Giants

Enterprise & IT Sep 21,2017 0

The European Commission (EC) may seek to implement tax reform to raise more revenue from online giants without the backing of the United States and other nations.

The world's rich nations have not yest managed to reach a deal on how to tax online firms like Google fairly. These companies on average pay bills in Europe that are less than half of those of other firms.

To prevent some smaller EU economies such as Ireland or Luxembourg, which host many foreign online businesses, from blocking the move, the commission is also raising the prospect of using little-known EU rules that would prevent states from vetoing decisions on tax matters.

The commission on Thursday outlined three options for taxes aimed at internet companies that could be agreed upon relatively quickly at the EU level or by a smaller group of EU nations.

One was for a tax on the turnover rather than the profits of digital firms, another would put a levy on online ads, and a third would impose a withholding tax on payments to internet firms.

In the longer term the EU wants to change existing taxation rights to make sure digital firms with large operations but no physical presence in a given country pay taxes there instead of being allowed to reroute their profits to low-tax jurisdictions.

Tags:
Previous Post
GLOBALFOUNDRIES Introduces New 12nm FinFET Technology
Next Post
New Nero 2018 Adds More MultiMedia Functions

Related Posts

Latest News

Canon launches versatile EOS R6 Mark III and innovative RF 45mm F1.2 STM lens
Cameras

Canon launches versatile EOS R6 Mark III and innovative RF 45mm F1.2 STM lens

uHoo Launches Caeli – The Smart Air Quality Monitor
Consumer Electronics

uHoo Launches Caeli – The Smart Air Quality Monitor

DJI Introduces Osmo Mobile 8 with Intelligent Subject Tracking
Drones

DJI Introduces Osmo Mobile 8 with Intelligent Subject Tracking

Samsung Launches New P9 Express microSD Express Cards
Cameras

Samsung Launches New P9 Express microSD Express Cards

Cloud Streaming officially arrives on PlayStation Portal
Gaming

Cloud Streaming officially arrives on PlayStation Portal

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed