Space Industry and Business News  
INTERNET SPACE
No deal on global digital tax this year: OECD
by Staff Writers
Paris (AFP) Oct 12, 2020

The 137 nations trying to hammer out a new global standard for taxing multinational tech firms will not secure a deal by the end of this year as hoped, the OECD acknowledged Monday.

"The glass is half full: the package is nearly ready but there is still no political accord," said Pascal Saint-Amans, head of tax policy at the Paris-based Organization for Economic Cooperation and Development.

But the OECD does expect to finalise a "digital tax" proposal "sometime in 2021," Saint-Amans added, although he acknowledged persistent US resistance to the plan.

Talks have been labouring on for the past two years on how to ensure that tech giants pay a fair share of taxes in the countries where they operate, even if their headquarters are elsewhere.

Public pressure has been growing on governments to clamp down on the tax avoidance strategies used by multinationals such as Google, Amazon, Facebook and Apple -- the so-called "GAFA" -- who are accused of shifting their profits to countries with lower tax rates.

The coronavirus crisis hindered progress this year on implementing a levy, even though "the Covid-19 pandemic makes the need for a solution even more compelling," the OECD said.

Failure to reach a global agreement could prompt some countries to go it alone on digital taxation.

Several European countries including France and Britain have already announced their own levies in the absence of a global accord.

That has infuriated Washington, which says American companies are being unfairly targeted.

"Despite the exceptional circumstances, there are a lot of strong feelings and impatience, and the temptation to take unilateral action faced with a measure that will take years to implement," Saint-Amans said at a press conference at the OECD's headquarters in Paris.

evs/js/cb/bmm

FACEBOOK

APPLE INC.

GOOGLE

AMAZON.COM


Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


INTERNET SPACE
Decade-long Oracle-Google copyright case heads to top US court
Washington (AFP) Oct 6, 2020
A decade-old legal battle between Silicon Valley giants Oracle and Google over software rights moves to the Supreme Court Wednesday, in a case with enormous implications for copyright in the digital era. The top court scheduled oral arguments in the case which dates back to a lawsuit filed in 2010 by Oracle seeking billions from Google over its use of Java programming language in its Android mobile operating system. Two separate jury trials ended with a determination that Google's "software inte ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
IBM reorganizes to focus on cloud computing

Mobile games thrive, even as pandemic keeps players home

Geologists solve puzzle that could predict valuable rare earth element deposits

Greece, Microsoft announce 1-bn-euro cloud investment

INTERNET SPACE
Isotropic Systems and SES GS to trail next-gen multi-beam antenna technologies for US forces

Swedish Space Corporation to cease assisting Chinese companies operate satellites

Creating cross-domain kill webs in real time

AEHF-6 protected communications satellite completes on-orbit testing

INTERNET SPACE
INTERNET SPACE
GPS-enabled decoy eggs may help track, catch sea turtle egg traffickers

Fourth GPS 3 Satellite Encapsulated Ahead of Launch

Government to explore new ways of delivering 'sat nav' for the UK

Tech combo is a real game-changer for farming

INTERNET SPACE
KLM virus bailout to go to court in November: Greenpeace

Aerodynamicists reveal link between fish scales and aircraft drag

F-35 crash caused by technical glitch, distracted pilot

State Department approves $14B sales of F-35s, F-18s to Switzerland

INTERNET SPACE
New algorithm could unleash the power of quantum computers

China chip giant SMIC shares sink on US export controls

Scientists pave way for carbon-based computers

U.S., Britain partner on research into sensor information processing

INTERNET SPACE
Satellite use AI to process EO imagery in-flight

New research on how planetary forces shape the Earth's surface

First group of Gaofen pictures are clearest ever

First AI image from space with HyperScout

INTERNET SPACE
Electric clothes dryers: An underestimated source of microfiber pollution

Pay firefighting bill before leaving, Sri Lanka tells stricken oil tanker

Smart shopping can reduce exposure to chemicals called endocrine disruptors

Rio Tinto hit with human rights claims over Bougainville mine









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.