![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by Staff Writers Vienna (AFP) Dec 29, 2018
Austrian Chancellor Sebastian Kurz vowed Saturday to press ahead with a tax on large internet and technology companies, following France's example, as the European Union struggles to finalise a new EU-wide levy. France, which is pushing for a new so-called "GAFA tax" -- named after Google, Apple, Facebook and Amazon -- is advancing with its own tax from January 1 to ensure the global giants pay a fair share of taxes on massive business operations in Europe. "It is only fair that internet giants in Europe pay a proper amount of tax," Kurz said, according to a statement. "In addition to a EU-wide move, we'll also act on a national level. We will introduce a digital tax in Austria." Kurz said that EU member states "agree in principle that there is a need for such a tax." He said Finance Minister Hartwig Loeger was in the process "of working out the details and their implementation and will unveil the basic framework at the beginning of January." The tax would then come into force as part of the government's planned tax reforms in 2020. "The aim is clear -- to tax companies that generate huge profits online, but pay hardly any tax on them, such as Facebook or Amazon," Kurz said. In addition to taxing direct sales, France will also require the companies to pay a levy on advertising revenues, websites and the resale of private data, French Finance Minister Bruno Le Maire announced earlier this month. Under EU law, US technology titans such as Google and Facebook can choose to report their income in any member state, prompting them to pick low-tax nations like Ireland, the Netherlands or Luxembourg. Such firms, on average, pay a nine-percent levy, compared to 23 percent for other businesses, according to Margrethe Vestager, the EU competition commissioner. The low tax rates have caused anger among voters in many European countries, but the 28-member bloc is divided on how to tackle the issue. spm/pma
![]() ![]() Facebook: backlash threatens world's biggest platform Washington (AFP) Dec 20, 2018 Facebook, the world's largest social network, faces a growing backlash over privacy and data protection, with revelations this week about sharing data with business partners adding to pressure. Here is a summary of the main issues in the Facebook controversy: What are the latest revelations? A New York Times report said some 150 business partners had access to personal data from Facebook users and in some cases, their friends, including private messages. Facebook said these were well-known a ... 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. |