Saturday, January 16, 15:36
Home inet The digital taxes of Turkey and Italy according to the USA are unfair

The digital taxes of Turkey and Italy according to the USA are unfair

Digital taxes adopted by India, Italy and Turkey in recent years have discriminated against US companies, a US spokesman said on Wednesday.

The USTR, which launched investigations into the three nations' digital service taxes last June, said it considered them inconsistent with international tax authorities, unreasonable and burdening / restricting US trade.

In its detailed reports, which were published by the agency, USTR examined how these digital taxes (or digital service taxes) affected companies such as AmazonThe Google, Facebook, the Airbnb and Twitter. The USTR said it conducted these investigations under section 301 of the 1974 U.S. Commercial Code.

digital taxes digital services taxes
Digital taxes (or digital service taxes) of Turkey and Italy unfair according to the USA

India, which has become the largest market for Silicon Valley giants Google and Facebook, introduced digital service taxes in 2016 to target foreign Companies.

The USTR investigation found that New Delhi taxed "numerous categories of digital services that did not fall under the category of digital services taxes that have adopted worldwide "and that the total tax bill for US companies could exceed $ 30 million a year. The same issue exists with India which does not impose such taxes to local companies.

Despite strong findings on three-nation digital services taxes, USTR said it would not make specific ενέργειες "At the moment", but will continue to evaluate all available choices».

U.S. technology companies have in the past supported the terms of the Organization for Economic Co-operation and Development (OECD). However, the OECD, which is currently working on the technical details of agreements for more than 100 nations, does not expect to complete this project by mid-2021. Since the OECD agreements have not been implemented, several countries are moving forward with their own versions of the taxes.

Source of information: techcrunch.com

LEAVE ANSWER

Please enter your comment!
Please enter your name here

Teo Ehc
Teo Ehchttps://www.secnews.gr
Be the limited edition.

LIVE NEWS

Emotet has "evolved" and is at the top of the malware charts!

The infamous Emotet trojan returns to the top of the malware charts, having been "refreshed" and evolved to be more difficult to detect. The world ...

Signal: How to protect your messages with passcode?

In recent days the Signal messaging application has become quite popular. The Signal ...

The 5 best secure alternatives for WhatsApp

WhatsApp is one of the most popular messaging platforms, but it is definitely not accepted by everyone. Especially after his last ...

Android: How to see which apps have access to your site

It's no secret that smartphone apps have access to many permissions - if you let them. It is important to make sure ...

Canon lets you take pictures from space

Instead of releasing new cameras for CES 2021, Canon is doing something different: It lets you take pictures from space ....

Wikipedia vs Big tech: Who fights misinformation?

As Election Day turned into US Election Week, Facebook, Twitter and YouTube were trying to prevent ...
00:02:36

Tesla: It is called to recall cars due to problematic screens

The touch screen in some Tesla cars seems to have a problem, which could ...

Ransomware is responsible for half of all data breaches in hospitals

Almost half of the data breaches committed in hospitals and the wider healthcare sector are due to ransomware attacks, ...

Astronomers have just found the oldest oversized black hole

A quasar was discovered in a dark corner of space - over 13,03 billion light-years away - and contains a ...

What are the best and most affordable 5G phones for 2021

The market will soon be flooded with mid-range 5G devices. Everything that happens will be really exciting: you will be able to ...