Bookmark this page

Subscribe to Latest National News

↑ Grab this Headline Animator

 
India4u News   
 World News
 National News
 Entertainment News
 Business News
 Sports News
 Education News
 Health News
 Politics News
 Travel News
 Special Reports
 Press Releases
 - News
 - Photos
 - Videos
News Central
 
General News
 The Hindu
 Indian Express
 The Telegraph
 Times of India
 Deccan Herald
 Hindustan Times
 IBN Live News
 DNA Top News
 Indias News
 
Sports News
 The Hindu Sports
 Espn Star Sports
 Sify Sports
 
Regional News
 The Navhind Times
 Milligazette News
 
Business News
 Business Line
 Financial Express
 Economic Times
 Business Standard
 IBN Business
 Sify Finance
 
Entertainment News
 Kollywood Cinema
 Sify Movies
 IndiaDaily Bollywood
India4u News
Business News
US opposes probing of tech biggies like Google and Amazon for tax evasion
Posted online: Monday, July 15, 2013 at 11:43:11 AM

London, July 15 : The US officials have reportedly opposed investigation of tech giants like Google and Amazon over alleged tax evasion and have made their stand clear about international tax rule changes that narrowly target some of the world's fastest growing multinationals.

According to the Guardian, France, which initiated the probing, has failed to secure backing for tough international tax rules with regard to the tech giants after US opposed the proposals to be presented at this week's G20 summit.

There has been intense debate between US and French governments over how far the tax reform proposal should go, which is to be drafted by The Organisation for Economic Co-operation and Development (OECD).

The report said that US concedes that the rules need to be updated and are pushing for moderate change with little tweaks to the existing wording of international tax treaties rather than the creation of wholly new passages dedicated to spelling out how the digital economy should be taxed.

France has been among the most aggressive in responding to online businesses that target French customers but pay little or no French tax. Tax authorities have raided the Paris offices of several firms including Google, Microsoft and LinkedIn, challenging the companies' tax structures.

Google chairman Eric Schmidt said that international tax law could almost certainly benefit from reform not just in the UK but also in America and elsewhere and said that OECD action plan is 'hotly awaited', the report added.

Source-ANI

Bookmark this page

News Archive



World News


Nawaz Sharif cancels UK trip in the face of anti-government protests
(10 hrs ago)


India, Bangladesh Home Secretary level talks begin in Dhaka
(12 hrs ago)
....More
National News


PM Modi meets Netaji Bose's oldest associate
(10 hrs ago)


Warrant issued against Union Minister Kalraj Mishra, for 2009 demonstration
(10 hrs ago)
....More
Business News


Canadian companies look to expand partnerships with India in renewable energy
(18 hrs ago)


India PC shipments in Q2 plunges 28 percent YOY
(36 hrs ago)
....More
Sports News


Hingis smells someone 'smoking heavy s**t' during US Open doubles win
(16 hrs ago)


Frank Lampard's fiancee won't join him in NYC
(16 hrs ago)
....More
Health News


'Bear belly' can lead to hypertension
(18 hrs ago)


Galloping obesity rates fueling uncontrollable diabetes epidemic
(18 hrs ago)
....More
Entertainment News


Roger Moore dumps booze for 'new vice' diet coke
(14 hrs ago)


Special Screening of 'Finding Fanny' held in Mumbai
(15 hrs ago)
....More


Subscribe to Latest National News

↑ Grab this Headline Animator

About this Site | Advertise on india4u | Feedback | Contact | Sitemap
Designed, Hosted & Managed by FrontPoint Systems
Copyright (c) 2000 to 2014. All rights reserved.