A Better Tax Strategy for ICT Utilities like Facebook, Twitter, Google
Quote from Ndubuisi Ekekwe on October 11, 2019, 8:59 PMHow do you tax Twitter which is used around most countries like Nigeria, selling adverts but without physical location that can be hammered by tax agencies? Add other digital platforms like Google, Facebook, etc. The answer: tax them based on "countries where customers consume their products and services".
The search for a new agreement on how countries should tax multinational corporations advanced Wednesday, as international negotiators proposed rules that would force tech giants such as Facebook Inc., Amazon.com Inc. and Alphabet Inc.’s Google to pay more tax in countries where customers consume their products and services.
How do you tax Twitter which is used around most countries like Nigeria, selling adverts but without physical location that can be hammered by tax agencies? Add other digital platforms like Google, Facebook, etc. The answer: tax them based on "countries where customers consume their products and services".
The search for a new agreement on how countries should tax multinational corporations advanced Wednesday, as international negotiators proposed rules that would force tech giants such as Facebook Inc., Amazon.com Inc. and Alphabet Inc.’s Google to pay more tax in countries where customers consume their products and services.