In a statement Canadian Trade Minister Mary Ng said, Toronto has reiterated to Washington that it plans on going ahead with a digital services tax; the potential move is likely to impact U.S. tech giants including Facebook and Alphabet Inc’s Google. Ng made the remarks in bilateral talks with U.S. Trade Representative Katherine Tai, who has…
In a statement European business groups have said, EU business must “prepare for the worst” over digital decoupling between the U.S. and the Chinese economy, which could significantly impact EU businesses in China. In a statement the European Chamber of Commerce in China and MERICS, a Berlin-based think tank said, U.S.-China political, trade and financial…
France has accused the United States of trying to undermine international negotiations on updating the cross-border taxation regime; Paris has urged the EU to prepare for an EU tax as a fallback option if negotiations fails. Nearly 140 countries are negotiating the first major rewrite of the international tax framework to account for the rise…
U.S. tech giants such as Google, Amazon and Facebook routinely generate huge profits from digital services in countries but route the profits through low-tax countries, such as Ireland and Luxembourg, in order to lower their tax profile in the country from which they had generated their revenues. France’s proposal to rectify this anomaly had unnerved…
With its U.S. launch two years in the making, 100,000 customers are on N26’s U.S. waiting list. A full launch is expected to take place later this summer. N26, a German digital banking startup announced, it has commence operations in the United States through a phased rollout of its app-based checking account and debit card.…
The partnership aims to collect data from vehicle communication, crash detection, and diagnostics and provide big-data analytics to corporate clients, insurers and emergency responders. In a statement, German auto supplier Robert Bosch GmbH and Canadian startup have said, the two firms have teamed up to collaborate on a wide spectrum of digital services in the…
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