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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.
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.
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.
Vivendi is in talks to sell up to 20% of Universal Music Group (UMG) to Tencent, valuing its prized asset at around €30bil, in an attempt to break into China's growing but tightly-controlled music market.
It’s getting more expensive to drive in cities – whether you’re a human or a bot.
Uganda's parliament has imposed a tax on the use of social media in a bid to raise revenue but opponents of the law say it aims to stifle criticism of President Yoweri Museveni, who has been in power since 1986.
Japan's Sony Corp is hammering out plans to rise from the ashes of nearly US$10bil (RM31.78bil) lost in six years by building a future around its last consumer electronics blockbuster — the PlayStation.