Monday, March 8, 2021
Germany Latest News
  • Sports
  • USA
  • Asia
  • Health
  • Life Style
  • Tech
  • Science
  • Latin America
  • Africa
  • Europe
No Result
View All Result
Germany Latest News
Home Tech

Hammond targets tech giants on tax avoidance to raise £200m a year

admin by admin
November 22, 2017
in Tech
0
Hammond targets tech giants on tax avoidance to raise £200m a year
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Related posts

Google halts Play Store ‘review bombing’ by GameStop traders

Google halts Play Store ‘review bombing’ by GameStop traders

January 31, 2021
WhatsApp extends ‘confusing’ update deadline

WhatsApp extends ‘confusing’ update deadline

January 16, 2021

The chancellor has put tech firms firmly in his sights, announcing a change to the way online businesses are taxed from which he hopes to boost the government's coffers by £200m.

Philip Hammond said he will introduce a "tax on royalties" that means companies will have to pay tax on royalty payments that are made in relation to UK sales to low tax jurisdictions outside the UK.

The plans, which will first be consulted on to iron out the detail, will come into force from April 2019.

And Hammond will make online marketplaces liable for VAT paid on goods.

Amazon and eBay have been accused by MPs of failing to do enough about online VAT fraud, where sellers from outside the UK can undercut prices by not charging VAT.

On the tax change, the government said: "Certain digital businesses, like social media platforms or search engines, create value in ways that are not reflected in existing tax rules."

Hammond also signalled that if international efforts between countries to update the tax system for the modern age did not pan out, that it is "prepared to act alone" on the matter "if necessary".

Let's block ads! (Why?)

Original Article

CityAM

Previous Post

Watchdog: ‘Huge concerns’ over Uber hack cover-up

Next Post

IOC disqualifies 4 Russian skeleton athletes, strips Russia of more Olympic medals

Next Post
IOC disqualifies 4 Russian skeleton athletes, strips Russia of more Olympic medals

IOC disqualifies 4 Russian skeleton athletes, strips Russia of more Olympic medals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Former US President Jimmy Carter hospitalised in Atlanta for brain procedure

Former US President Jimmy Carter hospitalised in Atlanta for brain procedure

1 year ago
Rebel groups fight over coca-growing region in Colombia

Rebel groups fight over coca-growing region in Colombia

3 years ago
Fireworks banned on the Galapagos to protect wildlife

Fireworks banned on the Galapagos to protect wildlife

2 years ago
Ivanka Trump and husband ‘got White House security denials overturned’

Ivanka Trump and husband ‘got White House security denials overturned’

2 years ago

FOLLOW US

  • 81 Followers
  • 108k Subscribers

BROWSE BY CATEGORIES

  • Africa
  • Asia
  • Europe
  • Health
  • latest news
  • Latin America
  • Life Style
  • Science
  • Sports
  • Tech
  • USA

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Pope Francis may mediate Gulf Crisis Solution Visit Bali
No Result
View All Result

Recent Posts

  • Google halts Play Store ‘review bombing’ by GameStop traders
  • Germany bans entry from the UK, Ireland, Brazil, Portugal and South Africa over COVID-19 variants
  • Biden warns of growing cost of delay on economic coronavirus aid plan
  • Nasa’s Perseverance rover is bearing down on Mars
  • India protests: Internet cut to hunger-striking farmers in Delhi

Categories

  • Africa
  • Asia
  • Europe
  • Health
  • latest news
  • Latin America
  • Life Style
  • Science
  • Sports
  • Tech
  • USA

Tags

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Pope Francis may mediate Gulf Crisis Solution Visit Bali
German Constitutional Court upholds ban on anti-lockdown protest
latest news

German Constitutional Court upholds ban on anti-lockdown protest

by admin
December 6, 2020
0

An anti-lockdown group had filed an urgent court appeal hoping to allow 20,000 people to gather in Bremen. Despite the...

Read more

Recent News

  • Google halts Play Store ‘review bombing’ by GameStop traders
  • Germany bans entry from the UK, Ireland, Brazil, Portugal and South Africa over COVID-19 variants
  • Biden warns of growing cost of delay on economic coronavirus aid plan

Category

  • Africa
  • Asia
  • Europe
  • Health
  • latest news
  • Latin America
  • Life Style
  • Science
  • Sports
  • Tech
  • USA

Recent News

Google halts Play Store ‘review bombing’ by GameStop traders

Google halts Play Store ‘review bombing’ by GameStop traders

January 31, 2021
Germany bans entry from the UK, Ireland, Brazil, Portugal and South Africa over COVID-19 variants

Germany bans entry from the UK, Ireland, Brazil, Portugal and South Africa over COVID-19 variants

January 31, 2021
  • About
  • Advertise
  • Careers
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Sports

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.