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Big Tech Compliance Tracker: UK Regulators To Form Digital Markets Unit; Italy Fines Apple $10 Million Over Claims About iPhone Water Resistance

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UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. That new division will fall under the country’s Competition and Markets Authority (CMA). Apple Faces $12M Fine Over iPhone Marketing.

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Big Tech Compliance Tracker: Amazon Looks To Increase Fees With Digital Tax In Spain; Google Might Make Search Inaccessible In Australia

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Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. Morgan Stanley Ups Price Target on Apple. 21, according to the report. .

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France To Move Ahead With Tech Tax In January

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France, which had vowed to start taxing Google , Apple , Facebook , and Amazon in December if the European Union failed to agree on a digital tax, now says the tax will be implemented on January 1. If the European states do not take their responsibilities on taxing the GAFA, we will do it at a national level in 2019.”.

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Brexit And Beyond: Crossing The International eCommerce Tax Rubicon

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In the digital age, it’s become easier than ever for companies of all sizes to broaden their reach and sell to new markets. But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes.

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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

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The services are not currently registered as distinct entities, although they are provided to users in the nation. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.

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New Rules For Tech Giants Google, Apple In EU?

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New rules loom in the European Union for tech giants like Apple , Amazon and Google, Reuters reported. The proposal is set to be published next month and then must be approved by the European Parliament and by national governments, said Reuters.

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Will Amazon, eBay And Apple Have A Happy Holiday Season?

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percent, according to an estimate from the National Retail Federation. percent growth the retail market saw one year ago. Apple Woes. Apple , too, is facing a slowdown as the year nears its end. Apple leadership, meanwhile, is busy touting growth for its wearables product line, along with its digital payments offerings.

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