News
Taiwan touts tax breaks to boost its tech R&D edge
Taiwan proposed larger tax breaks for tech companies’ R&D, in a bid to retain its leading position in semiconductor manufacturing. Read more…
tax
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Telenor Q3 results saved by SIM tax reversal in Pakistan
Telenor says its Q3 core earnings came in higher than expected due to a one-off gain in Pakistan following a court-directed reversal of the SIM tax provision. Read more…
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Philippines takes a step closer with bill to tax tech giants
A proposed bill in Philippines to tax tech giants like Facebook, Google and Youtube, and Netflix, has moved a step closer to becoming law. Read more…
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Online retailers demand rollback of new Indian tax
Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms. Read more…
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Google settles longstanding dispute with Australia’s tax office
Google has settled a “longstanding” tax dispute with Australia’s tax office after paying an extra A$481.5 million on top of its previous tax bill. Read more…
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Japan reveals tax incentives to encourage local 5G investment
Japan has unveiled tax measures for fiscal 2020 aimed at encouraging companies to spend their cash piles on start-ups and 5G infrastructure. Read more…
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Lebanon scraps WhatsApp call fee amid violent protests
Lebanon has backed down from plans, announced hours earlier, to tax voice calls made through the Facebook-owned WhatsApp messaging software. Read more…
Off the Wire
Singapore benefits from digitisation in accounting and tax sector
While Singapore ranks as one of the easiest places to do business in Asia, it stands to benefit from further digitisation in its accountancy and tax sector. Read more…
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China to exempt Tesla from purchase tax
China will exempt Tesla Inc’s vehicles from purchase tax, the MIIT said, sending the company’s shares up more than 4%. Read more…
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New Zealand plans to tax multinational digital firms
New Zealand plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon. Read more…
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Google moved billions to Bermuda reducing its foreign tax bill
#Google moved 19.9 billion euros through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign #tax bill. Read more…