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EU Wants US Tech Giants To Pay Revenue Tax

PYMNTS

Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./ They would like the EU to develop a region-wide plan to implement their proposal, and plan to present it to all 28 EU finance ministers at a meeting next week. billion in revenue tax.

Taxes 115
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In Asia, Focus On Big Tech Regs And Taxes

PYMNTS

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Together, we are 80 percent of the region,” Indonesian Communications Minister Rudiantara told the newswire. The tax would be in force even when the companies are located offshore. Libra, Too.

Taxes 133
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New Digital Taxes Loom On Tech Firms In Europe

PYMNTS

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales. Health Records and Google.

Taxes 130
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Today In Payments Around The World: US Halts Tariffs On French Products; China Considers More Stringent Online Oversight

PYMNTS

US Trade Representative’s Office Suspends Tariffs On French Goods. 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 United States is scrapping an effort to place tariffs on $1.3

Online 200
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Stock market reforms aim to revitalise City of London; US regional bank shares hit again – business live

TheGuardian

A comprehensive package of measures across listings and other areas such as secondary markets, tax, retail investor access, forward guidance, analyst coverage, regulatory capital treatment and labour is needed, rather than a siloed approach. Importantly, revising listing regulation is just one piece of the puzzle. Continue reading.

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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

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. digital services tax on to consumers in addition to an existing 20 percent value-added tax. customer charges to cover the new tax.

Taxes 131
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The Concentric Relationship Strategy in Banking

South State Correspondent

Empirical evidence, historical bank failures, and common sense teach us that many risks do not translate to higher yields. Therefore, commercial lenders must develop a strategy to increase industry knowledge in finance, business, accounting, tax, mergers/acquisitions, or other fields. Here is an example of Linda’s process.

Strategy 195