Google routed $23bn to Bermuda in ‘legal’ tax avoidance sch…

US tech giant Google moved some $23 billion in profits to a Bermuda tax haven in 2017, an increase of $4bn from 2016, newly released filings reveal. Google has exploited the loophole in the EU tax system for years. Google has used a Dutch shell company, called Google Netherlands Holdings BV, to shift billions of […]

India finds a new way to tax Google, Facebook

New Delhi: India may be pushing Internet firms such as Facebook and Google to store data locally not just to safeguard critical data of its citizens but also to ensure due taxes are paid by these digital firms for services including advertisements sold to local clients, a senior official told ET. The government’s push for […]

Philip Hammond’s Digital Tax Will Probably Never See The Li…

Philip Hammond, the British Chancellor of the Exchequer, made headlines by promising to levy a new tax on large tech companies’ revenues to compensate for their low rate of taxation on their profits. As documented by several news outlets, the mechanism could be implemented as early as in 2020. Britain’s Chancellor of the Exchequer Philip […]

Beyond U.K., Google and tech peers see rising tax tide | Di…

Google’s stand at the Noah Technology Conference in Berlin Credit: Krisztian Bocsi/Bloomberg The U.K. just joined a growing array of countries telling Big Tech it’s time to pay up. Britain’s Chancellor of the Exchequer, Philip Hammond, announced late Monday that Britain will begin taxing the world’s biggest internet companies in April 2020. Raising 400 million […]

Corbyn: Tech firm tax could fund journalism

Image copyright PA Image caption The Labour leader spoke on the state of journalism and the BBC A windfall tax could be levied on tech giants such as Google, Amazon and Facebook to pay for public interest journalism, Jeremy Corbyn has said. The Labour leader called for radical reform of the “failing” news media in […]

Texas Could Gain $1 Bil After SCOTUS Online Sale Tax Ruling

The U.S. Supreme Court ruled 5-4 Thursday that states can collect sales tax from online sellers in some circumstances. The court changed 20 years of internet commerce rules. Favoring South Dakota, the court overturned the earlier decision in Quill vs North Dakota that said a business only pays if it is physically in the state. […]