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Tag: taxes

Why these countries boost taxes on digital economy

The Organization for Economic Cooperation and Development (OECD) proposed to impose taxes on large technology companies such as Apple, Google, Amazon and Uber and initiated a consultation that will end on November 12, 2019. In addition, the finance ministers of the G20 will decide how large multinationals will pay their…

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The UK deputy wants to introduce Bitcoin tax payments

Member of Parliament of the United Kingdom, Eddie Hughes, has asked the local authorities to take the initiative and accept Bitcoin payments. The conservative politician also believes that the lack of reliable information is delaying wider adoption. The United Kingdom should take the initiative The comments of MP Hughes, reported…

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Technological giants pay less taxes: Avoid this for your startup

Getting large corporations to pay taxes where they do business is as difficult as catching water in a colander. This is demonstrated repeatedly by the accounts of these multinationals. Those corresponding to 2017 reveal that it was a great year for your business in Spain. The Spanish affiliates of Google,…

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This is what you need to know if you are running an e-commerce startup: Do companies pay taxes?

Amazon did not pay federal income taxes in 2017 and 2018 While the company does not pay federal income taxes in the United States, it reported “tax payments” for US $ 1.2 billion last year and 957 million in 2017. Since the figures are not broken down geographically, it is…

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Is Europe against the technological giants?

The first vice-president of the European Commission (EC), Frans Timmermans, called for “a European response” so that large digital companies such as Google, Apple or Amazon “pay taxes like everyone else”. Timmermans, the candidate of the European Socialists to preside over the Community Executive, made these statements during an informative…

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United Kingdom may collect taxes accepting Bitcoin (BTC)

Eddie Hughes, a member of the UK Parliament made statements about potential changes in the tax jurisdiction. Recently reported that the use of Bitcoin (BTC) for the payment of public services is possible, according to the local news site Express. The statements were issued at a parliamentary meeting with the…

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This is what you pay in taxes for using cryptos: USA, UK , Germany, Canada, Switzerland, etc.

Japan’s Finance Minister Senator Fujimaki suggested that the current tax rate for cryptocurrency transactions in the country, which can reach a maximum of 55 percent, could be exchanged with a flat tax of 20 percent, percent similar to stocks or currency trading. While Japan is not sure if the current…

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German citizens living abroad: What does this mean for the tax return?

Living abroad – Tax law in Germany Moving abroad does not guarantee exemption from tax liability in Germany. Anyone residing abroad as a German citizen should obtain detailed information about the tax aspects. The residence decides – Unlimited tax liability The German tax law ties the tax liability basically to…

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