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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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EU ‘Link Tax’ May Shutter Google News Abroad

PYMNTS

A “link tax” might mean the end of Google News in the EU. Richard Gingras, the search engine’s vice-president of news, said while “it’s not desirable to shut down services” the company isn’t happy with Brussels’ current proposal to charge a link tax for using news stories.

Taxes 144
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Five At Five: France Aims To Tax Big Tech

PYMNTS

Today’s coverage includes the latest European push to tax such companies as Google, Apple, Facebook and Amazon. France’s Finance Minister Wants EU-Wide Digital Tax By Year End. The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region.

Taxes 108
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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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The Rise Of Faster Disbursements

PYMNTS

In addition, the problem of fraudulent tax returns could keep growing as digital processes come to the tax-filing-and-return space. Data: 2014: The year dessert delivery on-demand business SugarMoo was founded. 10 : The number of countries in the region in which Grab operates. All this, Today In Data.

Taxes 122
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Foreign Tax Compliance Reporting — FATCA vs. CRS

FICO

You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). CRS reporting is more of a regional topic (e.g., Managing FATCA/CRS Regulations with One Tax Compliance & Reporting System.

Taxes 53
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Today In Data: Self-Employment, Finance Jobs And PayPal’s Woes

PYMNTS

The self-employed workforce is growing, despite hurdles like financial insecurity, lack of pension, expense tracking, tax returns and more. 100 percent | Growth of international payments solution Flywire’s business in the Asia-Pacific region over the last year. because of Brexit.

Data 101