taxation

Microsoft says taxation of its profits may hurt its financial statement

July 29, 2011 - 6:43am | Law aspects | News

On Thursday Microsoft Corp stated that a review of its US tax obligations in past years by a government would negatively impact its financial statements in case it is not resolved in its favor.

Among other things the Internal Revenue Service was looking at Microsoft's use of transfer pricing, or methods of booking prices and sales between subsidiaries which allows big companies to avail of opportunities to report earnings in lower-tax jurisdictions.

2 points

eBay fears additional taxes on the Internet will “kill the economy”

July 5, 2010 - 6:36am | Law aspects | News

eBay has expressed its concerns over the proposed legislation on additional taxation of the ecommerce merchants. Tod Cohen, Vice President for Government Relations and Deputy General Counsel at eBay Inc., made the following statement upon the introduction of legislation to expand sales tax collection on the Internet, H.R. 5660 by Congressman Bill Delahunt (D-MA).

0 points

Turkey closes Google operations across the country

June 9, 2010 - 9:19am | Law aspects | News

Starting June 4 turkey has banned a number of Google services across the country which is according to the Mountain View accidental being a side effect of Turkish longstanding ban on YouTube.

0 points

UBS helps US investigators to detect tax evaders by sending them mail letters

October 19, 2009 - 4:02am | Banks and internet banks | News

Sunday, UBS alerted US customers by registered mail their account details may be given to US tax authorities, a method that could itself breach secrecy laws.

Registered mail and envelopes use reflects that UBS may let the US authorities trace customers wanted for tax evasion well before their details are handed over under a US-Swiss double taxation agreement.

0 points

Do you know the true value of your business?

May 13, 2009 - 6:12am | Figures | News

George S. May International released outcomes of its survey, which showed that 58 percent of small business owners participating in the research don’t know their organization’s true value.

The company surveyed 921 small business owners across the United States showed that most of them have not had a formal business valuation within the last year and do not plan on having one in the future, while 43 percent of them plan to sell their business within the next 10 years, and 22 percent later than 10 years.

research | survey | taxation | true value of a business | valuation

0 points

British press claims Google pays £100 million less in taxes

April 21, 2009 - 1:35am | News | Other themes

Google was accused by the British media of avoiding UK taxation by routing most of its revenues through Ireland, reports the Register. The search engine giant pays Irish corporation tax at 12.5% while in the UK it would pay 28% which allows it to save as much as £100 million. British advertisers send their money to Google’s Irish office which was described by the British edition as unfair.

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Taxation evaded through First Data payment processor. IRS’ investigation

April 16, 2009 - 1:50am | Law aspects | News

A "John Doe" summons for information was asked by the Justice Department from a federal judge to enable Internal Revenue Service to obtain data about American taxpayers whose businesses directly deposit income from credit, debit and other payment cards through payment-card processor First Data Corp. into foreign accounts to avoid taxation in the U.S., reports the Associated Press.

0 points

Swiss UBS AG, no longer an offshore with accounts privacy?

February 19, 2009 - 2:13am | Banks and internet banks | News

Banking secrecy which was an outstanding feature of the Swiss banking will likely fade under the pressure of the U.S. government that indicts Switzerland’s largest bank for concealing the information about American citizens that try to avoid taxation by transferring large amounts of money to offshore accounts. Now UBS AG announced a deal with the U.S. authorities under which the Swiss bank is obliged to provide account information to the U.S. government and pay a $780 million fine.

0 points

Offshore company. What is it, how to create and how much does it cost?

February 11, 2009 - 4:25pm | Articles | Other themes

When selecting some service online what is the first thing we pay attention to? Yes, exactly, company origin. When some new online payment system appears, what do we check first of all? Yes, registration. So, in any case those few lines of address play a great role for us, and we perceive them as a key factor determining our choice.

Offshore business | offshore company | online business | regisatarion | taxation

0 points

Russian e-commerce taxation - does it exist?

January 15, 2009 - 9:42am | Articles | Law aspects

Many innovations in the history of the mankind often outpaced the general development of the society as long as they were in breach of the commonly accepted standards and principles. It took years before society could treat the new phenomenon as an ordinary part of the everyday life. Even though such things as online shopping, Internet transactions and electronic commerce are an integral part of

e-commerce | internet | Russia | taxation | taxation system

-1 points

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