Haaretz: Israel Plans to Issue Google and Facebook Precedent-setting Tax Bills Within a Year

Haaretz: Israel Plans to Issue Google and Facebook Precedent-setting Tax Bills Within a Year. “Israel is planning to hand multinational internet corporations Google and Facebook a tax bill within a year, said Tax Authority chairman Moshe Asher. If Israel does manage to collect taxes from the internet giants, that would put it among a select group of countries that have started demanding taxes from these corporations, which until now have paid very little.”

New York Times: It’s Time to Tax Companies for Using Our Personal Data

New York Times: It’s Time to Tax Companies for Using Our Personal Data. “The value of our personal data is primarily locked up in the revenues of large corporations. Some, like data brokerages, exist solely to buy and sell sets of that data. Why should companies be the major, and often the only, beneficiaries of this largess? They shouldn’t. Those financial benefits need to be shared, and the best way to do it is to impose a small tax on this revenue and use the proceeds to build a better, more equitable internet and society that benefit us all.”

Lohud: Which films got tax breaks? Check the first national database

Lohud: Which films got tax breaks? Check the first national database . “How much in public tax breaks has gone to films and television shows across the nation? The USA Today Network in New York spent months canvassing all 34 states that have film-incentive programs, finding that they allocate $1.3 billion breaks to productions. Of the states with programs — and about 10 have dropped them in recent years because of concerns about their economic value — 29 states responded to our requests for how much each film and show received over the past five years.”

Economic Times: Google loses 6 year battle, must pay tax on remittances made to Google Ireland

Economic Times: Google loses 6 year battle, must pay tax on remittances made to Google Ireland . “Bad news for the world’s favourite search engine. On Tuesday, the Indian tax office gained an upper hand in its six-year-long battle with Google India in a ruling that would set a precedence for some of the other multinational companies. The rift owes its origin to the arrangement and fund flow between Google India and the global giant’s office in Ireland — a jurisdiction known for its lax tax rules.”

The Guardian: US retaliation feared as Brussels prepares to close Google’s tax loopholes

The Guardian: US retaliation feared as Brussels prepares to close Google’s tax loopholes. “EU leaders have agreed to make ‘swift’ progress on raising the tax bills for digital giants such as Google and Facebook, despite warnings from smaller states that unilateral action could drive business away from Europe.”

Spokesman-Review: WSU professor says IRS is breaking privacy laws by mining social media

The Spokesman-Review: WSU professor says IRS is breaking privacy laws by mining social media. “Those Facebook posts from your vacation on a white sand beach, or that purchase of a fancy new vehicle, could be attracting views from the federal government. As its staff shrinks, the Internal Revenue Service has turned to mining social media and large data sets in search of taxpayers to audit, a Washington State University professor says in a recent report in the Vanderbilt Journal of Entertainment and Technology Law.”