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British MPs to investigate VAT fraud in the run-up to Christmas
Nov 13,2023
Sellers on Amazon and eBay have reportedly evaded millions of pounds in value added tax (VAT) in the run-up to Christmas, leading British Members of Parliament to launch an investigation. Wide-scale VAT fraud on big e-commerce platforms was first rep...
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UK Treasury prepared for unilateral action on taxing the digital economy
Nov 13,2023
In a position paper oncorporate tax and the digital economy, the UK treasury has set out its strategy to ensure the fair taxation of Internet companies. According to the paper, the UK government will push for international tax reforms, while explorin...
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Israel prepares tax bills for Internet companies
Nov 13,2023
Israel's Tax Authority isplanning to send tax bills to Google and Facebook within a year, joining the efforts of several countries in the European Union. The Israeli authorities are currently gathering data about the companies' operations in Israel t...
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A permanent extension of the Internet Tax Freedom Act
Nov 13,2023
In the U.S., members of a House-Senate conference committee have approved a permanent extension of the Internet Tax Freedom Act. The Act has banned taxes on email and Internet access since 1998. A separate debate on sales taxes on the Internet is sti...
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EU Council reaches agreement on new rules for the exchange of VAT payment data
Nov 08,2023
The European Councilreached an agreementon a set ofrules to facilitate detection of VAT tax fraud in cross-border e-commerce transactions. The new rules bring harmonization to the way member states collect the records from payment service providers, ...
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OECD releases public comments on Internet taxation
Oct 25,2023
The Organisation for Economic Co-operation and Development (OECD) has released 52 public comments on the creation of new international tax rules for the Internet industry. The OECD is reviewing current tax rules, as they are considered to 'inadequate...
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ECJ rules that virtual currencies are exempt from VAT
Oct 22,2023
Based on a request of the Supreme Administrative Court of Sweden, the European Court of Justice has ruled that 'the supply of services...which consist of the exchange of traditional currencies for units of the 'bitcoin' virtual currency and vice...
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EU agrees on Internet tax proposals for early 2018 in line with OECD work
Oct 20,2023
During an EU summit, EU leaders agreed on the importance of ensuring the fair taxation of Internet companies, inviting 'appropriate' proposals from the European Commission by early 2018. The Summit's conclusion also referred to the need to 'ensure a ...
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African ICT Alliance urges governments to adopt tax holidays
Oct 19,2023
The African Information and Communication Technology Alliance (AfICTA) has urged African governments to create a 'conducive environment for youths to start their businesses by way of providing extended tax holidays'. AfICTA's Chairman, Dr Jimson Oluf...
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Amazon and eBay accused of profiting from online VAT fraud in UK
Oct 18,2023
In a report into online fraud, the Public Accounts Committee of the UK Parliament claims that Amazon and eBay are profiting from online VAT fraud, while British businesses are disadvantaged by the illegal tax practices of sellers on these online mark...
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Indonesian ministry urges to scrap tax on social media users
Oct 17,2023
The Indonesian ministry in charge of small and medium enterprises (SMEs) has asked the tax department to halt a proposed tax, which would tax social media users who promote their businesses on the Internet. The tax has been estimated to generate...
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Tech companies in US Tax Haven Report
Oct 14,2023
A recent study by the US Public Interest Research Group showed that among the top 30 tax withholding businesses, 10 were tech companies, with Apple as record holder. Read more here. 
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