Digital Tax on internet giants like Google, Facebook, Amazon, Uber etc comes with its own share of risks and can have real consequences, said a senior tax official at the Organisation for Economic Co-operation and Development, pointing to the investigations initiated by the US against such step.“Such unilateral measures come with risks and can have real consequences as seen from the initiation by the US of 301 trade violation investigations against 10 countries, including India, and the EU,” Grace Perez-Navaroo, Deputy Director at the Centre for Tax Policy and Administration at the OECD, told ETCFO in an exclusive conversation. Such unilateral measures, she added, don’t necessarily hamper progress at the OECD arguing most countries that have implemented them have said that they will remove them once a global, consensus-based solution is found.India, beginning this financial year, introduced the 2 per cent equalisation levy or so called its own version of Google Tax on … [Read more...] about Digital Tax: OECD says Indian ‘equalisation levy’ comes with risks, can have real consequences
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Technologies that revolutionized warfare Machine guns Guns that fire multiple rounds in rapid succession were invented in the late 19th century and immediately transformed the battlefield. Machine guns, as they came to be known, allowed soldiers to mow down the enemy from a protected position. The weapon's grisly effectiveness became all too clear in WWI as both sides used machine guns to wipe out soldiers charging across no man's land. … [Read more...] about How will Europe guarantee its security without the US?
Cinemas in England began re- opening yesterday. – with downsized audiences practising social distancing and being encouraged to wear masks. But in Hollywood, film and TV studios are still struggling to agree a safe way to start up. … [Read more...] about Animated films thriving behind the scenes as coronavirus forces Hollywood grind to a halt
What is the 'EncroChat' smartphone system used by the mafia to move money, drugs and order murders EncroChat was a secret platform where users were able to communicate privately between specially-designed handsets - often to run drugs, traffick people and even order murders. … [Read more...] about Police find cocaine, jewellery and luxury watches hidden in secret Transit van compartments in mass raids on underworld Britain after hacking into gangland’s secret phone network
He said: ‘This technology was very useful to persons including royalty, politicians, high network individuals, and executives who did not want their sensitive communications or data to be discovered. … [Read more...] about Royals and politicians are among celebrities and wealthy business figures who used the SAME secret phone network as hundreds of crime kingpins as UK police smash encoded EncroChat app