{"id":6521,"date":"2021-06-08T09:30:29","date_gmt":"2021-06-08T13:30:29","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=6521"},"modified":"2021-08-03T10:59:40","modified_gmt":"2021-08-03T14:59:40","slug":"big-tech-wants-taxation-of-digital-services-to-be-stopped","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/big-tech-wants-taxation-of-digital-services-to-be-stopped\/","title":{"rendered":"Big Tech Wants Taxation Of Digital Services To Be Stopped"},"content":{"rendered":"\n<p>Following the Group of Seven rich countries&#8217; global tax agreement, technology representatives and lobbyists have openly expressed support for this move, while calling for the increasingly popular taxation of digital services to be abolished.<\/p>\n\n\n\n<p>The agreement was to support a minimum global corporate tax rate of at least 15% to prevent multinationals from avoiding tax by saving profits in low-tax countries, <\/p>\n\n\n\n<p>While the U.S. Treasury Department explains that the deal delved into the &#8220;removal of all Digital Services Taxes, and other relevant similar measures, on all companies&#8221;, the technology industry wants to eliminate levies such as France&#8217;s 3% tax on certain online revenues.<\/p>\n\n\n<p>For more information, read the<a href=\"https:\/\/www.reuters.com\/world\/middle-east\/big-tech-supports-global-tax-wants-digital-services-levies-axed-2021-06-07\/\" target=\"_blank\" rel=\"noopener\"> original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Tech companies and lobbyists have express support for global tax move and call for popular taxation of digital services to be abolished.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-6521","post","type-post","status-publish","format-standard","hentry","category-companies"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=6521"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6521\/revisions"}],"predecessor-version":[{"id":6554,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6521\/revisions\/6554"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=6521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=6521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=6521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}