Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits
TECHNOLOGY POWERING BUSINESS
News Tax
Apple Ordered To Pay Ireland €13bn In Taxes
Europe's top court backs Commission's 2016 decision that Ireland granted Apple unlawful aid, and Tim Cook must pay it back
EU Proposes Import Duties On China’s Temu, Shein, AliExpress – Report
European Union is reportedly drawing up plans to impose custom duties on a number of Chinese online retailers
Canada To Implement Digital Services Tax This Year
Introduction of digital services tax on tech firms will begin in 2024 Canadian government confirms, amid delay to global agreement
GM Sues San Francisco Over $108m Tax Bill – Report
Parent company of robotaxi firm Cruise, General Motors, files lawsuit against San Francisco over $108m tax bill
Autumn Statement 2023: Tech Implications
Chancellor's Autumn statement for the tech industry focused on AI, quantum computing, R&D tax credits, and more
Italy Seizes £677m From Airbnb In Tax Dispute
Italy seizes £677m from short-term rental platform Airbnb, alleging company failed to withold appropriate taxes from landlords
Microsoft Owes $29 Billion In Back Taxes, IRS Claims
US government alleges Microsoft owes $29 billion in back taxes, but Redmond disagrees and say it will go to court over the matter
US Treasury Publishes Proposed Crypto Tax Rules
US Treasury Department publishes proposed rules aimed at cracking down on crypto tax evaders while simplifying filing processes
Samsung ‘Pushes For Tax Payouts’ In Vietnam
Samsung, other multinationals push for reimbursements as higher OECD-mandated tax regime set to take effect on 1 January
EU Restarts Apple Tax Case Before EU’s Top Court
European Commission argues before Court of Justice of the European Union that lower decision to discard 13bn euro Apple tax case was 'flawed'
Budget 2023: Industry Reaction To Quantum Investments etc
UK is the world's third largest tech economy, so Chancellor of the Exchequer Jeremy Hunt’s spring 'growth' budget has generated some reaction
Budget 2023: Chancellor Pledges £2.5 Billion For Quantum Computing
With UK predicted to avoid recession, spring budget by Chancellor Jeremy Hunt announces funding injections into tech sector
Apple Japan Hit With £81m In Additional Taxes
Apple Japan unit reportedly owes additional 13 billion yen in taxes after investigation finds bulk tax-free purchases of iPhones by tourists
Samsung Seeks Tax Breaks On Future Chip Factories In Texas
South Korean giant Samsung begins application for tax breaks on 11 potential chip manufacturing facilities in Texas, ahead of US CHIPS Act
Global Digital Tax Law Not Ready Until 2024, Says OECD
Corporation tax delay. Rollout of 15 percent tax agreement for big name corporations only likely in 2024, says head of OECD
India To Launch Digital Currency In 2022
India's central bank will launch a digital rupee in two months time, as India becomes the latest country to embrace a digital currency
Elon Musk To Pay $11 Billion In Taxes
Musk hits back at Senator Elizabeth Warren who said he should pay taxes and stop “freeloading” by confirming he is facing $11 billion tax bill
Elon Musk Realises $1bn, After Another Tesla Share Sale
Half way there. Elon Musk sells another tranche of Tesla shares worth $1.05 billion, as he continues to honour Twitter poll
Samsung To Build $17bn Chip Factory In Texas, Amid Global Shortage
Samsung is to make its largest ever investment in the United States, in order to construct a brand new chip factory in Texas
Elon Musk Sells $5bn Of Tesla Stock After Twitter Poll
One of the world's richest men, Elon Musk, has sold 3 percent of his stake in Tesla, just days after holding a Twitter poll
Twitter Backs Elon Musk Selling 10 Percent Of Tesla
What SEC scrutiny? Elon Musk asks Twitter users whether he should sell 10 percent of Tesla, and majority back share sell-off poll
World Leaders Agree Corporation Tax Rate
Tax loophole finally closed? After years of talks, threats and tariffs, world leaders reach an historic agreement of 15 percent corporation tax rate
Boris Johnson Talks Tax With Amazon’s Jeff Bezos
Downing Street confirms British Prime Minister discussed the issue of taxation during meeting with Jeff Bezos in New York
Russia To Tax Foreign ‘Digital Services’
Plan published in Russia to impose taxes on foreign-owned digital services, as part of ongoing effort to bolster domestic tech sector
Samsung Offered Large Tax Breaks To Build Chip Factory In Texas
City of Taylor in Texas offers Samsung huge tax breaks in order to convince it to build a $17 billion Samsung chip factory there
US Sets, Then Suspends, 25 Percent Digital Tax Tariff On Six Countries
America sets, then suspends, a 25 percent import tariff on goods from six countries that have implemented a digital tax on US tech giants
Amazon Wins Tax Appeal Against European Commission
Europe tax setback? EU's General Court rules the European Commission failed to prove Amazon enjoyed an illegal tax advantage from Luxembourg
Amazon Goes On Offensive Against Critics In Washington
Amazon takes offensive on social media against senators Bernie Sanders and Elizabeth Warren as it faces battles over labour issues and market power
Huawei Helps Support 51,000 UK Jobs, Study Finds
Independent study from Oxford Economics reveals scale of Huawei's contribution to UK plc, including payment of £1.1 billion in tax revenues