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Amazon (And Others) Brace For India’s New eCommerce Tax

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The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

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US Treasury: Taxes On Digital Companies Are Discriminatory

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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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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

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The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

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National Restaurant Association Framework Aims To Close Gap Between Restaurants And Aggregators

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16), the National Restaurant Association offered up seven public policy tenets that – in collaboration with delivery aggregators – are being billed as a “framework” for the delivery industry. The study found that 76.7 With data sharing, to boot. To that end, as reported on Wednesday (Dec. percent and 37.6

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The Strange Spending Trends Around Sales Tax Holidays

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According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. This year 17 states will have sales tax holidays of one form or another — up from 16 last year, but down from the national high of 20 states in 2010. How Tax Holidays Work.

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Bulgaria Fines Tax Agency $2.9M Following Data Breach

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The National Revenue Agency (NRA) in Bulgaria was fined 5.1 Reuters is reporting that the tax agency said it was going to appeal the decision. Leaders in the country say that public institutions don’t spend enough on cybersecurity, and analysts who studied the attack say it was fairly basic. million levs ($2.9

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NY Creates Cryptocurrency Task Force

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A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports.