Amazon has graciously resumed construction work in Seattle after the City Council "compromised" on a controversial tax that will see the tech giant -- that turned over $51 billion in sales during the last quarter alone -- on the hook for $11 million...
Amazon resumes HQ expansion after Seattle tax compromise
Amazon has graciously resumed construction work in Seattle after the City Council "compromised" on a controversial tax that will see the tech giant -- that turned over $51 billion in sales during the last quarter alone -- on the hook for $11 million...
We hope you weren't relying too heavily on internet payments to file your taxes on time. The Internal Revenue Service's Direct Pay system failed (and is still unavailable as we write this) on April 17th -- you know, the last day before the tax filin...
The European Commission has unveiled radical measures to better tax technology companies with large operations in its member states. The first proposal would allow countries inside the EU to effectively tax profit that is created inside their borders...
The European Union has vowed to counter tech companies' tax maneuvers by targeting their revenue, and it's now clearer just what that will involve. In an interview with Le Journal du Dimanche, French Finance Minister Bruno Le Maire said the EU would...
India's income tax department has sent notices to tens of thousands of people dealing in cryptocurrency, after learning that $3.5 billion worth of transactions have been conducted over a 17-month period. The move comes as India's finance ministry gra...
Apple is determined to show that it's investing in the US economy despite its tax moves and foreign manufacturing. The company has announced a slew of investments it claims will pump a total of $350 billion into the US economy, highlighted by its fo...
In a move that's sent bitcoin spiralling, officials in South Korea have announced plans to ban cryptocurrency trading in the country. The plans come against a backdrop of concerns regarding tax evasion, as cryptocurrency trading in the country is hig...
Tech giants are often criticised for using complex tax loopholes to bank more of their profits than arguably they should, but occasionally the authorities do manage to find fault in their accounts. Following "an extensive audit" of Apple's books, HM...
Just how much money do tech companies shelter from taxes? Quite a lot, according to the Dutch. Newly published Netherlands regulatory filings show that Google shielded €15.9 billion (about $19.2 billion) in 2016 using the popular "Dutch Sandwi...
The UK still isn't convinced that internet giants are doing enough to curb online extremism, and it's now considering hitting those companies where it really hurts: their bank accounts. In an interview with the Sunday Times, security minister Ben Wa...