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SEPTEMBER 28, 2020

The latest news on Apple, Google, Facebook and other Big Tech firms that are coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Regulations. Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops.

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DECEMBER 11, 2019

The jury is still out as to whether Apple is indeed a monopoly, and/or whether it has a detrimental effect on its competitors across a slew of verticals at all. But in the eyes, and the words, of one Tim Cook, Apple CEO, monopolies are not inherently bad. “And that is for regulators to decide, not for me to decide.”

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OCTOBER 12, 2020

Here’s the latest news from Big Tech firms, which are coming under increasing scrutiny from regulators and politicians from the U.S. German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. Verkhovna Rada, the parliament of Ukraine, is mulling a law taxing digital communication platforms from abroad.

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AUGUST 26, 2019

Will Big Tech face bigger tax bills on an international stage? Beyond the debates on data privacy and compliance, marquee names in technology face greater scrutiny from various governments, and perhaps bigger tax bills, too. As reported, the tax imposed could be as much as 20 percent on social media and search ads.

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MARCH 12, 2019

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ).

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SEPTEMBER 12, 2017

Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./ This news is just the latest sign that European politicians and regulators are uncomfortable with the growing strength of U.S. Last year, the European Commission ruled that Apple owed $14.5

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SEPTEMBER 3, 2019

In Japan, the Fair Trade Commission said last week that it has draft guidelines in place that would promote tighter regulation of larger tech firms. The guidelines would address concerns over customer data and would impact companies such as Facebook, Apple and Amazon, among others. Taxes, Too. Libra in the Crosshairs.

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OCTOBER 21, 2019

Apple ’s iPhone XR is being assembled in India and will be sold in the country, according to reports. Apple doesn’t have a huge share of the Indian market, partly because of regulations that serve a 20 percent tax on imported high-end phones like the iPhone. But we have to be careful not to be too optimistic.

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JULY 2, 2020

Facebook ’s Mark Zuckerberg, Sundar Pichai of Google , Apple ’s Tim Cook and Jeff Bezos from Amazon are expected to face no-holds-barred questions from lawmakers about the tech giants’ business practices. Cook testified in 2013 about Apple’s payment of taxes, CNBC reported.

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JUNE 3, 2019

Apple stock was affected negatively on Monday (June 3) by news that the Department of Justice (DOJ) is considering an investigation into the tech giant, according to a report by CNBC. Apple shares fell almost 2 percent after the report, and they were trading higher than usual before the news.

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OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

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OCTOBER 21, 2019

Apple ’s iPhone XR is being assembled in India and will be sold in the country, according to reports. Apple doesn’t have a huge share of the Indian market, partly because of regulations that serve a 20 percent tax on imported high-end phones like the iPhone. But we have to be careful not to be too optimistic.

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MARCH 18, 2019

It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. As we noted in this space, Apple has increasingly been embracing a business model where services have been a point of focus. On Taxation.

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NOVEMBER 6, 2018

France is plowing ahead with its vision for a European Union-wide digital tax, with the country’s Finance Minister Bruno Le Maire saying he wants the tax approved by the end of 2018. According to the report, some member states think the tax would hurt smaller countries, or potentially some of the more traditional industries.

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MARCH 3, 2020

Andrew Tyrie, chairman of the Competition and Markets Authority (CMA), a competition regulator in the U.K., said his fellow regulators have been too soft on digital mergers, and consumers have suffered as a result, according to the Financial Times. He also called for stronger abilities to go after large tech companies.

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FEBRUARY 1, 2021

French Finance Minister Embraces American Shift on Big Tech Taxes . Bruno Le Maire , the finance minister of France, embraced the support of the Biden administration on a potential international tax on Big Tech, CNBC reported. “I Facebook Pans Apple’s App Tracking Transparency Mandate. Read More On Regulation:

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JANUARY 16, 2020

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500 million bailout for debt-burdened taxi drivers and Google modifies its search function to make finding and comparing apparel easier. Apple Makes $200M Acquisition In Race For AI Dominance.

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NOVEMBER 10, 2019

Goldman Sachs is being investigated for gender discrimination related to the algorithms it uses when deciding on credit limits for the new Apple Card. The posts got a lot of attention, with Apple co-founder Steve Wozniak even weighing in. Goldman and Apple are delegating credit assessment to a black box,” noted Hansson.

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JANUARY 3, 2020

In today’s top payments news, Apple’s share price hit a record high above $300 on Thursday, “buy now, pay later” company Sezzle was denied a lending license from California and a European Central Bank policymaker urged area banks to seek alternatives to Libra. Apple Shares Spike To Record High. at the end of the day.

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MARCH 15, 2018

New rules loom in the European Union for tech giants like Apple , Amazon and Google, Reuters reported. As has been noted, tech companies have become more highly regulated in Europe, as regulators focus on user data, tax payments and other business processes.

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MARCH 3, 2020

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Apple Parts Maker Foxconn Back To Work In China.

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JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network).

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MARCH 27, 2019

Much has been said about how Europe is shaping up to be ground zero for seismic changes in Big Tech, as regulators are, have been and will continue to impose mandates on what can and cannot be used in terms of consumer data. Taxes And Other Matters. However, in the U.S., attorney’s office for the Eastern District of that state.

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SEPTEMBER 1, 2020

Google has enacted a plan to pass on the cost of digital services taxes in Europe to advertisers instead, according to a Financial Times (FT) report, which will muddy the waters on governmental attempts to take more of the U.S. Turkey and Austria, which will cover the cost of regulations in those countries, FT reported.

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MARCH 19, 2018

Tax season, indeed. The regulatory landscape was dotted with news out of Europe centered on the way that tech firms do business — and how they’re taxed. As for taxes , tech behemoths under scrutiny across a separate proposal might face taxation on digital activities of as much as 3 percent of turnover.

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AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. Facebook Calls Out Apple For 30 Pct Commission on In-App Purchases. News Companies Ask for Better Terms on Apple’s App Store.

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JANUARY 19, 2021

MEPs will be sending invitations directly to the four biggest tech platforms — Google, Amazon, Facebook and Apple — for a virtual hearing about tax and competition policy, the sources told FT. DMA draft regulations would compel Big Tech platforms to allow third-party software firms to use their platforms and services.

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SEPTEMBER 21, 2020

Regulations . EU Regulators Plan New Rules For Big Tech . European Union watchdogs intend to gear new regulations aimed at fighting election-related disinformation toward Big Tech firms such as Apple and Facebook as opposed to smaller tech players. India Telecom Watchdog Decides To Not Regulate OTTs .

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OCTOBER 5, 2020

Regulation. European Commission To Appeal Apple State Aid Decision. The European Commission will challenge the General Court’s judgment on the Apple State aid case in Ireland, according to a Sept. Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations. antitrust regulation. 25 statement.

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SEPTEMBER 9, 2016

Facebook’s WhatsApp, Apple’s FaceTime and Skype are all on the European Commission’s list, which would include tightening security regulations. based companies and the European Union, especially as the tax dispute between Apple and the European Commission continues.

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NOVEMBER 10, 2020

Vestager, now in her second term, has a reputation of being aggressive in going after companies or sectors suspected of unfair or manipulative practices that stifle competition, avoid taxes or mistreat customers. . Apple faced €13 billion in back taxes to Ireland. to develop new, stricter regulations that govern big tech.

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JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. Apple Pay has a hard time getting people to adopt it, after all, and Apple Pay is completely legal. Easy come, easy crypt-go, it seems.

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NOVEMBER 17, 2016

Apple and Alphabet, the parent of Google, are reportedly getting asked by Taiwan to pull the apps of Uber Technologies from their app stores. Taiwan argues Uber has to pay back taxes because it is really a transportation company. “Uber has not done what it says it will do.

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FEBRUARY 1, 2021

European Union lawmakers have notified Amazon, Apple, Facebook and Alphabet that they are amenable to postponing a possible hearing beyond its initially scheduled date of Feb. German Finance Minister Says OECD Digital Tax Deal Likely By Summer. OECD member states have until this summer to come to a consensus on a tax.

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PYMNTS

DECEMBER 11, 2019

The jury is still out as to whether Apple is indeed a monopoly, and/or whether it has a detrimental effect on its competitors across a slew of verticals at all. But in the eyes, and the words, of Apple CEO Tim Cook, monopolies are not inherently bad. And that is for regulators to decide, not for me to decide.”.

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Apple Google Regulation Strategy 130

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MARCH 2, 2020

To that end, Apple said last week that it set a deadline of June 30 for app developers to comply with Chinese laws surrounding mobile video games. International Tax Policy. Treasury Secretary Steve Mnuchin told the gathering, “You need to have an international tax system.

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NOVEMBER 22, 2019

Goldman CEO Denies Claims Of Apple Card Credit Biases. Politicians, as well as privacy advocates, have asked regulators to block the deal. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality. What Wayfair’s Lawyer Says About The Wayfair v.

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