Neowin News Feed for: Tax

Canada's new tax bill could cost US tech firms a fortune

Hamid Ganji — Tue, 03 Sep 2024 03:24:01 +0000

Some of the biggest US tech firms are now obligated to pay a new tax under Canada's Digital Services Tax bill. The US government is pushing for a delay. Read more...

French Spotify Premium users will pay the highest fees in the EU following the CNM tax

Anushe Fawaz — Thu, 07 Mar 2024 17:12:01 +0000

Bad news for French Spotify Premium subscribers: Due to the new CNM tax streaming sites, Spotify is increasing prices for Premium users. These prices will be the highest across the EU. Read more...

UK's tax authority gives content creators a gentle reminder about their tax obligations

Steve Bennett — Mon, 20 Feb 2023 22:12:01 +0000

The UK's tax office, HMRC, has plans to 'gently remind' content creators and influencers that they may have tax obligations, with up to 4300 people being targeted with notification letters. Read more...

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Tory tax hike means Brits will pay more when selling Bitcoin and other cryptos

Paul Hill — Thu, 17 Nov 2022 16:46:01 +0000

The UK government is hitting those who sell crypto by lowering the Capital Gains Tax tax-free allowance. It'll be reduced in 2023 and then again in 2024 so those who sell assets pay more tax. Read more...

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Reuters: Big tech will still be able to bypass new global tax law

Paul Hill — Sat, 04 Dec 2021 07:16:01 +0000

An investigation by Reuters has found that companies could continue to reduce their tax burdens even after a rule from the OECD designed to stop the use of such schemes comes into effect. Read more...

The Global South could miss out on billions under new global tech tax

Paul Hill — Wed, 20 Oct 2021 23:04:02 +0000

The new global tax on big multinationals has come under fire for having too low a rate. Nations in the Global South could be disadvantaged as they prefer larger corporate taxes to fund budgets. Read more...

OECD countries agree tax deal to get money from global tech firms

Paul Hill — Fri, 08 Oct 2021 23:04:01 +0000

OECD countries have come to an agreement over the taxation of global companies such a Facebook, Google and Apple. The new rules will see $150 billion in new tax raised each year from 2023. Read more...

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Samsung offered tax breaks from a Texas city to build new chip plant

Paul Hill — Mon, 06 Sep 2021 15:10:01 +0000

Samsung has been offered tax breaks by Taylor city in Texas if it chooses to locate a new chip factory there. Construction could begin in Q1 2022 with chip production starting by Q4 2024. Read more...

Consumers with crypto-backed debit and credit cards could face hefty tax bills

Paul Hill — Mon, 09 Aug 2021 23:56:01 +0000

Accountants and financial advisors have warned that people may unknowingly be accruing high capital gains tax bills by using crypto-based debit and credit cards to make purchases in stores. Read more...

EU to appeal court ruling over Apple's tax arrangements

Paul Hill — Fri, 25 Sep 2020 12:16:01 +0000

The European Union is set to appeal the General Court's decision from July which said Apple had not broken any laws with its tax arrangement with Ireland. The EU says the firm has underpaid its tax. Read more...

Google to pass digital services tax costs onto advertisers

Paul Hill — Tue, 01 Sep 2020 21:00:02 +0000

Google has announced that advertisers in the U.K. will be charged extra to help the firm cover the costs of the new digital services tax that came into effect earlier this year on April 1. Read more...

Denmark reviewing whether Google should pay more tax

Paul Hill — Mon, 31 Aug 2020 13:16:01 +0000

Denmark is looking into whether Google owes more tax. The country's Prime Minister has been a proponent of implementing a digital tax that would extract more profit from big tech firms. Read more...

EU court says Apple doesn't need to pay a backlog of tax

Paul Hill — Wed, 15 Jul 2020 18:24:01 +0000

The EU's second-highest court has sided with Apple and Ireland in the latest episode of an on-going legal battle between the two and the European Commission. The Commission has 14 days to appeal. Read more...

EU wants the U.S. to come back to the table on digital taxes

Paul Hill — Fri, 10 Jul 2020 21:18:02 +0000

The EU has asked the United States to come to the negotiating table at the OECD level in order to hammer out some rules over digital taxation. The EU wants to see digital firms fairly taxed. Read more...

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OECD tells the UK to hold off on tech tax as firms continue to make a tidy profit

Paul Hill — Wed, 22 Jan 2020 10:52:01 +0000

The OECD has urged the UK to stall its plans to tax big tech revenues in the country. It comes after France announced a delay to its digital services tax after receiving pressure from the U.S. Read more...

Apple fights EU tax order saying Irish branches are not responsible for €13 billion tax

Paul Hill — Tue, 17 Sep 2019 11:58:01 +0000

Apple has had its hearing the the EU's General Court today. It has claimed that the EU's tax order of €13 billion over its dealings in Ireland are out of proportion and does not reflect reality. Read more...

Apple set to launch legal challenge against €13 billion tax order from EU

Paul Hill — Mon, 16 Sep 2019 14:18:01 +0000

Apple is set to challenge the European Commission in the EU's second-highest court on Tuesday after it was ordered by the EU executive to pay a massive €13 billion ($14.4 billion) in back taxes. Read more...

EU will introduce a digital services tax even if the world can't agree

Paul Hill — Mon, 16 Sep 2019 13:10:01 +0000

The EU's upcoming finance minister has announced that a digital tax is a priority for him and that he will oversee the arrangements across the bloc on a suitable taxation level which all agree to. Read more...

U.S. and France come to deal over France's proposed tech super-profits tax

Paul Hill — Mon, 26 Aug 2019 17:10:01 +0000

France and the U.S. have come to an agreement that will allow the European country to go ahead with its Digital Services Tax plans without incurring retaliation from the Trump administration. Read more...

USTR will hold a public hearing over France's digital tax on August 19

Paul Hill — Sat, 13 Jul 2019 04:24:02 +0000

The United States Trade Representative's office has announced that it will be holding a public hearing about France's new Digital Services Tax on August 19, starting at 09:30 EDT (UTC-4). Read more...

Eric Schmidt is 'comfortable' with Google's tax avoidance practices

Paul Hill — Tue, 14 May 2019 05:08:01 +0000

Google's Eric Schmidt has made remarks to the BBC recently, in which he has stated that he was comfortable with Google's tax avoidance practices and that he would defend the company's actions. Read more...

Netflix: We no longer support iTunes as a method of payment for new members

Usama Jawad — Sat, 29 Dec 2018 06:32:02 +0000

Netflix has decided to ditch in-app iTunes billing for new customer subscriptions, instead directing them to its website. Through this, the company will skirt the 15% cut demanded by Apple. Read more...

Ohio begins taking tax payments in bitcoin despite price drop

Paul Hill — Mon, 26 Nov 2018 15:18:01 +0000

Ohio has begun accepting bitcoin for business tax payments. The initiative, headed by Ohio treasurer, Josh Mandel, was initiated in order to draw attention to the state's tech enthusiasm. Read more...

EU plan to tax big tech stumbles due to three countries

Paul Hill — Tue, 06 Nov 2018 17:44:01 +0000

The European Union's plan to tax big tech companies on sales they make within the bloc has stumbled today after three countries said they would not back the proposal in its current state. Read more...

Uganda imposes tax on social media platforms to 'stop gossip'

Usama Jawad — Fri, 01 Jun 2018 12:30:01 +0000

It appears that the Ugandan government has found a way to prevent its citizens from excessively using social media. The country has passed a law which imposes a daily tax on social media users. Read more...

Facebook is localising ad selling revenues to address concerns

Paul Hill — Wed, 13 Dec 2017 06:58:01 +0000

Facebook has announced that it will record ad revenues in the countries where they were sold instead of in Dublin at the company's international headquarters. Experts remain skeptical, though. Read more...

DVLA lets UK motorists view vehicle information using Amazon's Alexa

Mina Esapa — Mon, 31 Jul 2017 14:22:01 +0000

With a new Skill piloted by the DVLA, UK motorists that have devices with Amazon's Alexa are able to obtain tax and MOT information about their vehicles by reading out the registration number. Read more...

Russian central bank wants a bitcoin tax

Paul Hill — Tue, 30 May 2017 15:48:01 +0000

Russia's central bank is formulating legislation which should go through the Duma next month. The law will propose that bitcoins be taxable and monitored with reporting systems in place. Read more...

Former Microsoft CEO Steve Ballmer has created a website to document government expenditure

Usama Jawad — Tue, 18 Apr 2017 14:20:01 +0000

Former Microsoft CEO and current Los Angeles Clippers owner Steve Ballmer has unveiled a public database which documents how the government spends every cent of the taxpayer's money. Read more...

Apple sells products worth $4.2 billion in New Zealand, faces backlash for diverting taxes

Muhammad Zaid Tariq — Wed, 22 Mar 2017 07:58:01 +0000

Apple has recently come under fire from authorities, as well as the public in New Zealand, for selling products worth $4.2 billion NZD in the country, and yet paying no local taxes. Read more...

South Carolina wants to block porn on all new computers, charge punters a $20 'unblock fee'

Michael Firth — Tue, 20 Dec 2016 19:52:01 +0000

South Carolina lawmakers have tabled a draft amendment that would see new computers blocked from accessing pornography. But there's a caveat; you'll be able pay $20 to unblock the whole filthy web. Read more...

Facebook received almost three times more in tax credit than it paid in the UK, figures show

Paul Hill — Mon, 10 Oct 2016 07:14:01 +0000

Facebook tax figures have been released and they show that despite making £2.9 billion globally, it only paid £4.1 million to the UK tax man. The low figure is still much higher than last year. Read more...

Tim Cook defends Apple in EU tax case

Michael Firth — Thu, 01 Sep 2016 17:22:01 +0000

This week saw Apple officially lambasted by the European Commission over its European tax affairs. Today, Tim Cook responds directly, addressing the matter via Ireland's national broadcaster. Read more...

Steve Wozniak: Apple should pay a lot more in taxes

Vlad Dudau — Fri, 22 Apr 2016 07:42:02 +0000

According to the company's co-founder, Apple should be paying its fair share in taxes. This, after allegations from both the EU and US that the company has been dodging billions in owed taxes. Read more...

Facebook overhaul means it will pay millions more in UK tax

Jack Wilkinson — Sun, 06 Mar 2016 00:54:01 +0000

An overhaul of Facebook's reporting and tax affairs means that it will soon be paying millions more in tax to the UK in comparison to previous years where it paid almost nothing. Read more...

Russian government wants to ban Windows, get more tax dollars from Google, Apple

Vlad Dudau — Wed, 10 Feb 2016 11:32:01 +0000

The Russian government wants to force US technology companies like Apple and Google to pay taxes on apps and services sold online. It also wants to ban Windows from government machines. Read more...