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India announces its first ever digital tax
May 31,2023
The Indian government has presented the Union Budget, which included the announcement of India's digital tax, called the equalisation levy (EQL). The EQL was proposed in March by a government-appointed panel.The EQL taxes payments to foreig...
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France, Germany push for global minimum tax
May 26,2023
France and Germany are pushing for an agreement among major economies on a minimum tax rate. Speaking at a joint press conference ahead of the start of the Franco-German Economic and Financial Council, French Finance Minister Bruno Le Maire said...
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Ireland concerned about USA global 15% tax proposal
May 25,2023
Ireland's Finance Minister Paschal Donohoe has said that his country had a 'really significant concern' about the proposal for a global rate of tax, which is being currently discussed among finance ministers of the G7, and more importantly,...
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Google's Paris offices searched in tax probe
May 25,2023
French finance officials have searched Google's Paris headquarters as part of an investigation in tax fraud. About 25 computer experts and 100 tax officials have reportedly entered the offices at 5am to investigate the 'aggravated tax fraud...
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Implementation of Pillar One of OECD global tax rules delayed -OECD Secretary General
May 24,2023
OECD Secretary General Mathias Cormann has announced that the implementation of Pillar One of the OECD's global tax framework will be delayed until 2024 at the earlier, rather than 2023 as originally planned. Cormann was speaking during a panel at t...
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Italy offers Internet companies to agree on future tax bills
May 22,2023
The Italian government will offer Internet companies the possibility to agree on their future tax bills, in an effort to boost revenue and to avoid tax disputes. The measure takes the form of an amendment to a government decree which states that mult...
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European MEPs approve proposed directive to implement OECD's Pillar Two global tax rule
May 19,2023
European MEPs have approved the proposed directive to implement the OECD's so-called Pillar Two of the global tax rules, which sets a minimum corporate tax rate of 15%. The OECD's Two-Pillar approach was approved by 136 jurisdictions in October 2021....
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British Conservative party plans tax on social media companies to fund measures for a safer web
May 18,2023
Theresa May's Conservatives hope to introduce a new tax on social media platforms, should the British Prime Minister get re-elected, a plan that has been included in their manifesto. The law would allow the government to impose a tax on social media ...
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Indonesia to charge VAT from online companies from July
May 15,2023
Starting from July 2020, online companies in Indonesia will have to pay a value added tax (VAT) to the government. Aimed at boosting revenue during the COVID-19 pandemic, the government plans to impose a tax of 10% on all digital products sold by non...
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Indonesia to impose 10% value-added tax on digital services starting July 01
May 15,2023
After the announcement by the Finance Minister Sri Mulyani Indrawati to start digital tax sooner than planned; Indonesia will impose a 10% value-added tax on digital services provided by non-resident companies starting July 1, 2020. Though, the Indon...
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France to implement its digital tax in absence of international global tax treaty
May 15,2023
France is keen to go ahead on its plans to tax digital giants this year whether or not there is an international deal on International digital tax, France Finance Minister Bruno Le Maire said. The 3% digital tax will be applied on digital companies t...
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General Court of the EU sides with Amazon on tax subsidies
May 12,2023
The General Court of the EU has issued its judgement in cases T-816/17Luxembourg v Commission and T-318/18 Amazon EU S
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