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Silicon Valley Loses Grip On Tech Firms

PYMNTS

Among the reasons for corporate relocations cited by the WSJ and San Jose Mercury News in articles about the moves are cost-of-living disparities and differences in personal income taxes. According to the nonprofit Tax Foundation, California has the highest marginal tax rate in the country for the highest-income taxpayers : 13.3

San Jose 266
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Dubai Creating $870M Free Trading Zone For eCommerce

PYMNTS

Having previously identified the region’s growing eCommerce market and given the traction witnessed by clients (going) online due to the pandemic, we are on track for the scheduled opening by the end of 2020.”. DCC is the first eCommerce free zone to foster retail growth in the Middle East and North Africa (MENA) region.

Regional 266
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How tax accountants can provide valuation services

Abrigo

For some accountants, tax and audit services are attractive for the recurring revenue streams and steady client base they provide. CPAs providing tax services, especially, should find that offering valuation services is an attractive way to not only retain those clients but to also generate new revenue from these existing clients.

Taxes 170
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Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax; Amazon Gets FAA’s OK For Drone Delivery 

PYMNTS

In addition, the legislation would make sellers pay a third of commissions to a dedicated training fund for technology specialists each quarter. Big Tech Updates Fees to Reflect UK Digital Services Tax. Apple announced upcoming tax changes for apps and in-app purchases to include tax law changes in the U.K.

Taxes 131
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Twitter, Other Tech Companies Caution Europe Over Internet Rules

PYMNTS

The legal framework for digital services has been largely unchanged in the region for about 20 years. The letter acknowledges that concerns are growing on the continent “regarding the impact of digital technology.” The move comes as the EU is working on a European Democracy Action Plan and the closely watched Digital Services Act.

Company 225
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Today In Payments Around The World: US Halts Tariffs On French Products; China Considers More Stringent Online Oversight

PYMNTS

billion of French products in response to that nation’s revenue tax on Big Tech firms. Trade Representative said in a recent statement, referring to digital services taxes. The news comes as China is increasing scrutiny of large technology companies. The United States is scrapping an effort to place tariffs on $1.3

Online 200
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Turkey Is Most Difficult Market for Regulatory Compliance

PYMNTS

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. There are also an “extremely high number” of tax rules.