In a statement, France’s Finance Ministry said, it has sent out notices to big tech companies to pay digital service tax as planned earlier. Earlier France had suspended collection of the digital service tax, since negotiations were underway at the Organisation for Economic Cooperation and Development (OECD) on an overhaul of international tax rules. The…
On Monday, China finance ministry stated, it plans on rolling new policies to support hydrogen fuel cell vehicles in order to boost the industry’s supply chain and related technologies. China has emerged as the world’s biggest market for new energy vehicles (NEVs), which includes plug-in hybrids, battery electric vehicles as well as and hydrogen fuel…
The proposed tax is likely to have an impact Google, Apple, Facebook and Amazon. In a significant development, the Czech Finance Ministry stated, it was in the process of finalizing a plan to levy a 7% digital tax on global internet giants and would submit the proposal by the end of May. The ministry stated,…
Bank of England along with the finance ministry and the Financial Conduct Authority are slated to run a test today to gauge the resilience of the country’s financial sector against a major cyber attack. Britain’s central bank has disclosed, it will carry out a test on Friday to gauge the ability of the financial sector…
Despite its vociferous campaigning last year for levying a 3% tax on the digital earnings of global tech firms, the SPD backed down after concluding that such a move would not be productive. On Wednesday, Germany’s Bild newspaper stated, the country’s finance ministry has, given up its plan of levying more taxes on internet giants,…
It’s been some time now that Israel has been a mecca (pun intended) for cybersecurity and fintech startups. But with foreign companies most reaping this benefit, the country is now gearing up to harvest its tech talents. The Israeli government has let it be known that it is looking for companies to manage four of…
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