Tag: Tax
Digital tax talks in G20 spotlight as US tariff threat looms
By David Lawder RIO DE JANEIRO (Reuters) – Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies. The so-called “Pillar 1” …
South Korea’s ruling party wants to postpone 20% digital asset tax to 2028
South Korea’s ruling party has proposed postponing the disputed 20% tax on annual digital asset gains by yet another two years. Originally scheduled to take effect in 2021, the proposed taxation caused uproar in the South Korean digital currency space, forcing the government to postpone it to 2023 to prepare the industry better. After the …
The Digital Services Tax Will Not be Good for Canada
On a cool day in early October 1997, government ministers, heads of international organizations, business leaders, and labour representatives gathered in Ottawa for an OECD conference on how best to promote and regulate electronic commerce. There, they agreed that when it comes to taxing online goods and services, the most important factors were neutrality, efficiency, …
Federal Court Upholds Maryland’s Digital Ad Tax – Conduit Street
A federal judge recently ruled in favor of Maryland in the ongoing dispute over the state’s digital advertising tax. The tax, which targets large online platforms generating significant State revenue from digital advertisements, faced strong opposition from industry groups, including the US Chamber of Commerce and several trade associations. As previously reported on Conduit Street, …