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Posts tagged tax

Remember all that anti-Amazon tax snark? Your turn, Apple
October 1, 2014 | 12:17 pm

PenguinAmazon-haters who used the media/retail giant's European tax policies as a stick to beat it with may soon be looking for a new theme: at least if they want to continue to cast Amazon as the sole villain in the piece. Because the European Commission has issued a letter asserting that the Irish state gave tax-related state aid to Apple to support its operations there, in contravention of European Union law. According to reports in the BBC and elsewhere, Apple is enjoying a 2 percent tax rate on many of its European activities by declaring them through its Irish subsidiary. According...

Anthony Horowitz: Amazon are evil, their middle name is miseree …
April 7, 2014 | 2:25 pm

10980020-devil-heart-danger-love-symbol-total-red-with-horns-and-a-tail-demon-passion-abstract-lover-cheater-Evil stalks the land. Evil. Badness. Wrong. Sin. Naughtiness. And its (their?) name is (are?) not legion, but Amazon. Thus the opening keynote speech by Anthony Horowitz at the London Book Fair’s Publishing for Digital Minds event, as relayed by Digital Book World and a hail of Tweets. What Horowitz actually said, apparently, was "Amazon are evil bastards – I loathe them, I fear them ... but I use them all the time because they’re wonderful and that’s part of the problem." Specifically, he highlighted the demise of physical bookstores, Amazon's corporate tax policies, and the woes of publishers, especially smaller...

Italy targets 19 percent book tax rebate to promote culture
December 18, 2013 | 2:15 pm

italyAs reported by Italian press agency Agenzia Giornalistica Italia (AGI), the Italian government is planning a 19 percent tax rebate for book buyers, up to a maximum annual limit of EUR 2000 ($2746). As part of the package of measures entitled "Destination Italy,"  the plan, just approved by the Council of Ministers and announced by Premier Enrico Letta last Friday, is designed "to promote greater dissemination of reading physical books," and applies to all books with a "user ISBN." The Destination Italy package is designed to encourage inward investment and foreign business activity in Italy. "Destinazione Italia is the expression of...

G20 Tax Reform Plans May Close Amazon Loophole
July 20, 2013 | 6:38 pm

AmazonThe 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

AmazonUK 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

Hellman 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...