Posts tagged tax
G20 Tax Reform Plans May Close Amazon Loophole
July 20, 2013 | 6:38 pm
The variable tax geometry that has generated so many headlines, consumer complaints and politicians' soundbites across Europe lately about Amazon could potentially be cut back soon, as the G20 nations line up behind an Organization of Economic Cooperation and Development (OECD) plan that condemns existing international cross-border corporate tax arrangements. "National tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can be exploited by multi-national corporations to artificially reduce their taxes," states the OECD’s release on its Action Plan on Base Erosion and Profit Shifting (BEPS). Introduced at the G20 Finance Ministers’ meeting...
Amazon’s UK Tax Debacle: Time for the scapegoat to butt back?
May 16, 2013 | 2:57 pm
UK press, politicians and public all seem heated up about Amazon’s tax bills in the UK—or lack thereof. Seems those deceitful corporations have been daring to incorporate and structure across jurisdictions, rather than standing meekly inside good honest British borders and reaching their hands into their pockets whenever that nice Mr. Osborne tells them to. Whisper it not, but rumor has it that some of them even have profit motives. Scandalous, I know. Politicians eager for scapegoats to fling before an electorate grumbling under the weight of misgovernment have seized on Amazon, Google, et al, as a Godsend. Watching them posture...
How to fund a public ebook library with tax deductions, by Eric Hellman
February 1, 2011 | 9:30 am
In California, newly (re)elected governor Jerry Brown has proposed to zero out state funding for libraries. In Britain, government cuts could lead to as much as a quarter of librarians lose their jobs over the next year. In New York, the Queens library has responded to budget cuts by zeroing out its acquisition budget, instead of cutting opening hours. In my home town of Montclair, New Jersey, ahistoric branch building is being closed and the reference department is being eliminated. Given the worldwide climate of cutting libraries, the recent proposal for the establishment of a "Digital Public Library of America" (DPLA) would seem to be...