British Newspapers Wants Facebook Tax

September 26, 2018 Taxation in UK

media license feeLONDON – British newspapers need to take back some of the money flowing to Facebook and Google, according to an industry body.

On September 25th the UK News Media Association (NMA) issued a press release calling for large internet companies to pay a license fee to fund journalism in the UK.

The NMA is claiming that “tech giants” such as Google and Facebook are seeing an increase in revenues from advertising derived by hosting and displaying articles and journalism made by UK journalist.

As the advertising revenues is “…now flowing to the global search engines and social media companies who make no meaningful contribution to the cost of producing the original content from which they so richly benefit,” revenues for publishers is plummeting.

In the 10 years between 2007 and 2017...

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Drones Spying on Greek Tax Dodgers

September 25, 2018 Taxation in Greece

drones and taxesSANTORINI – Drones have been used to spy on tour boats in Greece.

Greek tax authorities have used drones to monitor tax compliance in Santorini.

The recent use of drones is part of an experiment by tax authorities to catch out tax dodgers in the popular tourist destination.

The drones followed and recorded nine separate tour boats, and evidence was collected on the number of paying passengers the boat had.

Tax authorities compared the information they gathered on vide against the declared receipts and revenues provided by the boat-operators.

It was shown that the boat-operators under-declared their incomes by approximately EUR 29 460.

Tax authorities claim that they have increased the extent and number of inspections that they are conducting in tourist-heavy areas.

Greece is highly reli...

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Netherlands Speed Cameras Become Tax Traps

September 24, 2018 Taxation in Netherlands

Dutch road taxAMSTERDAM – Dutch authorities will use an extensive camera network to see who is driving their car without paying tax.

Late last week Dutch media revealed that tax authorities will soon be monitoring all cars on the road to determine who is and who is not paying road taxes.

The Netherlands has an extensive array of cameras throughout the national roading network, both in the form of regular speed cameras and 800 specialized “ANPR” cameras used to monitor road conditions.

The cameras will be used by the tax authorities to see what cars are on the road, and reconcile the information against the information it has about who has paid their road taxes.

The monitoring of car use is expected to raise as much as EUR 10 million in extra tax revenues each year.

Previously authorities had used...

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EU Countries May Enact Their Own Digital Tax

September 21, 2018 International Tax Cooperation

internet taxBRUSSELS – The EU’s proposed tax on global digital companies has seen continued delays, so some member states may soon take matters into their own hands.

The Director if the Centre for Tax Policy and Administration at the OECD, Pascal Saint-Amans, has suggested that the EU may see the implementation of a temporary digital tax on the revenues of global internet giants.

The EU is currently investigating the possibility of levying a new tax on the earnings of digital behemoths such as Facebook and Google, in an effort to prevent the companies from avoiding taxation by shifting their profits away from the countries where sales are made and towards low-tax jurisdictions.

However, finding consensus on the exact details and functionality of such a tax is proving to be difficult.

Pascal Saint-Am...

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NZ Tax Working Group Talks Capital Gains

September 20, 2018 Taxation in New Zealand

Taxes in New ZealandWELLINGTON – New Zealand should tax capital gains, but maybe not via a capital gains tax.

The New Zealand Tax Working has released its Interim Report with a discussion on potential tax changes which may be recommended for the country, including a tentative approval of a capital gains tax.

The Tax Working Group was established by the Labour-led government and tasked with evaluating what changes should be enacted in the New Zealand tax system.

The question of a capital gains tax is a contentious one in New Zealand, as investors in the country have a strong preference for investment in property, due in part to a lack of capital gains tax.
It was noted that introducing a brand new capital gains tax would prove to be complicated.

As a potential alternative, the report mentions the possibility...

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