. | . |
France nears implementation of digital tax by Staff Writers Paris (AFP) Jan 20, 2019 France will push ahead with its own tax on large internet and technology companies by introducing a bill that would be retroactive to January 1, its finance minister said Sunday. The move comes as the European Union tries to finalise an EU-wide levy. "We are working on a tax that would affect internet service companies with global sales of more than 750 million euros ($850 million) and 25 million euros in France," Economy and Finance Minister Bruno Le Maire told the weekly newspaper Journal du Dimanche. "If these two criteria are not met, they (the taxes) will not be imposed," he noted. A draft bill would be presented to the government by the end of February "and rapidly put before parliament for a vote," Le Maire said. "The tax would apply as of January 1, 2019 and its rate would vary according to the level of sales, with a maximum of five percent," a level that would represent "around 500 million euros" annually for France, he added. Paris has been driving hard for a so-called "GAFA tax" -- named after Google, Apple, Facebook and Amazon -- to ensure the global internet giants pay a fair share of taxes on their huge business operations in Europe. Le Maire called the question "a major issue in the 21st century." He said that a Europe-wide agreement was also possible by late March, in light of a compromise reached in December with Germany, which has been less enthusiastic about such a levy. A spokesman for Facebook France told AFP: "We will continue to respect our fiscal obligations as defined by French and European legislation." Google France declined to comment on Le Maire's remarks. bur-sw-tq-etb/wai/rlp
Apple's Tim Cook calls for privacy bill with right to delete data Washington (AFP) Jan 17, 2019 Apple chief executive Tim Cook called on US lawmakers Thursday to pass privacy legislation enabling consumers to see and delete their harvested online personal data from a central clearinghouse. Cook, writing in Time magazine, offered his view as the US Congress was set to consider tougher enforcement of privacy and data protection for online platforms. Several lawmakers and activist organizations have proposed data privacy measures, some of which contain elements of the European Union's sweepin ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |