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USA unveils import duties on France in retaliation for tax on tech giants
Jul 10,2023
The United States has unveiled import duties on France in response to the country's tax on tech giants. The tax will be applied to twenty-one categories of three types of products: cosmetics, soap, and handbags. However, the USA said it will hold off...
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US launching a probe into French Digital Services Tax on technology companies
Jul 10,2023
France's Parliament passed a law on Digital Services Taximposing a 3.0 percent tax on revenues generated from services to French consumers by the largest tech firms. Even before the law was passed, itdrew attentionby the US.US Trade Representative st...
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The Organisation for Economic Cooperation and Development (OECD) has released a new global tax reporting framework
Jul 03,2023
The OECD has released a new global tax reporting framework named the Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy (MRDP) aims to help taxpayers to be compliant with their tax obligat...
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Countries reach agreement on global tax rules
Jul 01,2023
In a much-awaited update, the OECD announced that 130 countries agreed to support a new two-pillar global tax solution, the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalisation of the Economy. The two-pilla...
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Australian 'Netflix tax' to come into effect from July
Jun 25,2023
From 1 July, Australia will apply a 10% goods and services tax (GST) on digital products and services from overseas that are bought in Australia. This 'Netflix tax' is meant to close a loophole through which foreign companies were exempt from collect...
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Draft report of the European Parliament proposes 'civil law rules' for robots
Jun 23,2023
Adraft report prepared by the Committee on Legal Affairs in the European Parliament outlines several recommendations for the introduction of 'civil law rules on robotics'. The report proposes, among others, the elaboration and adoption of an EU 'legi...
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Hungarian Parliament adopts resolution opposing EU directive on Pillar Two global minimum tax
Jun 22,2023
Hungary's Parliament has adopted a resolution opposing the proposed deal on a global minimum tax. This comes days Hungary blocked the directive at the EU Council. Poland supports EU deal on Pillar Two global tax; Hungary blocks it The reason...
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Russia temporarily blocked access to Google
Jun 22,2023
Russiaclosed down Google for several hours. According to Russian officials, Google redirected Internet users to a website that as blocked as part of an ongoing tax dispute. Access to Google was restored after the company removed the banned link. Tens...
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OECD to push on digital tax after USA withdrawal
Jun 18,2023
International digital tax negotiations lead by OECD is at stake after US Treasury Secretary, Steven Mnuchin, wrote a letter to EU finance ministers stating that USA has decided to end negotiations with the European Union on the issue of digital econo...
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Poland supports EU deal on Pillar Two global tax; Hungary blocks it
Jun 17,2023
In a turn of events at today's Economic and Financial Affairs Council meeting (17 June 2022), Hungary has withdrawn its support for the proposed EU directive to implement Pillar Two of the OECD's global minimum tax. Poland, which was the only country...
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US pulls out of OECD talks on global digital taxation
Jun 17,2023
US Treasury Secretary Steven Mnuchin announced in a letter to four European counterparts, that the US is not able to agree on changes to the global taxation law, even in the form of interim measures. USA has suspended talks on this matter with the EU...
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AfDEC calls for a more equitable Internet following COVID-19
Jun 15,2023
The African Declaration on Internet Rights and Freedoms (AfDEC), an advocacy coalition on digital rights in Africa, has issued a position paper on the Internet in response to the COVID-19 pandemic. The paper calls for a more equitable Internet, point...
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