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Alphabet Inc's Google supports a multilateral solution for taxing digital services that is under discussion by the Organisation for Economic Cooperation and Development.
SINGAPORE (The Straits Times/ANN): Singaporeans must vote to end the ruling People's Action Party's supermajority in Parliament, Progress Singapore Party member Lee Hsien Yang urged voters in a video message posted on Facebook on Monday (June 29).
Covid-19: Cases in Philippines surge to 36,438 with 985 new infections; ADB approves US$26.5mil loan to help boost revenue collection
MANILA, June 29 (Xinhua): The number of Covid-19 (coronavirus) cases in the Philippines soared to 36,438 after the Department of Health (DOH) reported 985 more infections on Monday.
MANILA (Xinhua): The Asian Development Bank (ADB) on Monday (June 29) said it has approved a US$26.5mil-loan to help local government units (LGUs) across the Philippines boost revenue by adopting new digital tools for local real property tax valuation and collection.
US Treasury Secretary Steven Mnuchin decided to pull out of negotiations on digital services taxes with European Union officials after they failed to make any progress, US Trade Representative Robert Lighthizer said on June 17.
The United States is investigating digital services taxes being adopted or considered by Britain, Italy, Brazil and other countries.
KUALA LUMPUR, (Bernama): The movement control order (MCO), which took effect on March 18, has also affected Zoo Negara as lack of donation and ticket sale forced it to utilise its emergency fund to cover operating costs.
NEW YORK: Citigroup Inc beat analysts' estimates for fourth-quarter profits on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.
US threatens to impose tariffs of up to 100% on US$2.4bil (RM10bil) in French goods in retaliation for a digital services tax it says is discriminatory.
BOGOTA (Reuters) - Widespread street protests in Colombia are likely to force embattled President Ivan Duque to make major changes to his tax reform proposal if he wants to pass the bill before a year-end deadline.