tax

Microsoft

Microsoft shares edge higher on $60 billion buyback program

Microsoft Corp shares rose 1% in early trading after the company announced a $60 billion share repurchase plan, its biggest ever.

Platform News: European Union flags

After US push, EU pauses tax plan, but Ireland sticks to its guns

The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the Biden-Harris administration and in a bid to facilitate a broader global tax dea...

Chipmakers

US senators propose 25% tax credit for semiconductor manufacturing

A bipartisan group of US senators have proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase US chip production.

Platform News: Tech Titans including Facebook, Google, Amazon and Apple

USTR slams India, Italy, Turkey on digital taxes but holds off on tariffs

Digital services taxation adopted by India, Italy and Turkey discriminate against US businesses and therefore are inconsistent with international tax rules, the US Trade Representa...

Essential tax tips

5 essential tax tips for new business owners

Running a business is not easy. From putting in the hard work to turn your dream into a lucrative opportunity to keeping up with all the rules and regulations, it’s easy to feel as...

Platform Industry News: Amazon

Amazon UK pays just $8 million corporation tax as sales hit $17.5 billion

Amazon.com’s main UK subsidiary, Amazon UK Services Ltd, paid only 6.3 million pounds (approximately $8 million) in corporation tax in 2019 despite the group reporting over $...

taxation

Apple CEO Tim Cook calls for overhaul of corporate tax

Interested to read that Apple’s CEO, Tim Cook has acknowledged that the global corporate tax system needs to be overhauled, thus becoming one of the first CEO’s of majo...